IMF Staff Country Reports

Costa Rica: Staff Report for the 2001 Article IV Consultation

Publication Date:

April 24, 2002

Electronic Access:

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Summary:

This 2001 Article IV Consultation highlights that the economic performance of Costa Rica weakened in 2000. Real GDP growth slowed to 1.7 percent, from more than 8 percent a year in 1998–99, reflecting in part deterioration in terms of trade, the end of the construction phase of a large foreign direct investment project by Intel, and the effect of high real interest rates on domestic demand. Inflation remained at 10 percent during the year. In the structural area, the assembly approved legislation to open up the telecommunications and electricity sectors to private investment.

Series:

Country Report No. 2002/088

Subject:

Banking Central banks Economic sectors Government debt management Imports International reserves International trade Public debt Public financial management (PFM) Public sector