Banco Central de Costa Rica

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  • New External Mandate (RFI)

New External Manager of the Foreign Reserves


Banco Central de Costa Rica (BCCR) has begun an evaluation process in order to select an EXTERNAL MANAGER to manage a portfolio between US$200 - US$400 million, in a Global Sovereign Bond Mandate (hedged US$). This is an approximate amount, only for reference purposes. BCCR can modify the amount under management and the investment guidelines at any time.


The main objective of this process is to hire an external manager who generates return in excess over the benchmark with the lowest fee. Other objectives are provide training and transfer knowledge to the Banco Central de Costa Rica’s staff; and support the BCCR research efforts and the management of the reserves.


If it is of your company´s interest to participate please submit the following information (Request for Information, RFI) no later than September 7th, 2016 at 4:00 P.M. local time (GMT -6).


The RFI is the first phase of the selection process. After evaluating all the RFIs, BCCR will send the Request For Proposal (RFP) to the best qualified candidates.  The best qualified candidates are those who comply with the Minimum Qualifications and the ones who show the best Past Performance Results according to BCCR evaluation criteria.


Existing investment managers of the Bank and their affiliates will not be eligible for consideration. Candidates that have already been an external manager of Banco Central de Costa Rica will have their performance taken into account in the present selection process.


Questions about the RFI or the selection process should be sent to  The Bank expects to publish the answers on this website.


Terms and Conditions


During this process we request that participants refrain from contacting directly any officer of the BCCR about the selection process.


This evaluation process does not commit the BCCR to award a contract.  Costa Rica Central Bank reserves the right, in its sole discretion, to accept or reject any or all responses, to negotiate with any or all firms considered, or to cancel or postpone this in whole or in part.


BCCR does not assume and shall not have any responsibility, liability or obligation in connection with this process, and reserves the right, in its sole discretion, to select a new external asset manager based on whatever criteria it deems necessary and appropriate.


BCCR will not reimburse responding firms for any expenses incurred in preparing or submitting proposals or providing information in connection with proposals.


All the information provided by the participants will be treated as confidential; it means that all the information will be used only for internal purposes. In the same manner, BCCR requests the participants to do so. The Manager shall not use BCCR’s name for advertising, public relations or other purposes.



Fecha de publicación


Answers to questions received about RFI 



Answers to questions received about RFI II 



Request for Information 2016 




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