The government of Mauricio Macri seeks to improve competitiveness with a broad package of measures.
Despite the prospect of a populist president and shaky Nafta talks, investors see economic and political realities as holding markets in check in 2018.
The country's presidential election is shrouded in uncertainty.
With the Costa Rican state-owned bank currently undergoing government intervention, regulators warned debtors that they would be required to meet loan payments, stressing there would be no room to negotiate existing terms.
The stock brokerage collapsed in 2012 and led to charges being filed against several executives. However, the judicial process is moving very slowly and the trial has still not even begun.
Officials plan to reach out to Afores pension funds to convince them to invest in the instruments.
Prosecutors claim the bank was responsible for huge losses at the pension fund of postal service Postalis.