Costa Rica: Staff Report for the Second Review Under the Stand-By Arrangement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Costa Rica

January 5, 2010

Preview Citation

Format: Chicago

Costa Rica: Staff Report for the Second Review Under the Stand-By Arrangement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Costa Rica, (USA: International Monetary Fund, 2010) accessed November 27, 2024

Summary

This paper discusses key findings of the IMF staff report for Costa Rica for the Second Review Under the Stand-By Arrangement (SBA). Performance under the SBA has remained strong. All quantitative performance criteria for end-September were met, most with considerable margins. The authorities have continued to treat the SBA as precautionary. The outlook for a gradual recovery amid domestic and external stability remains the central scenario. Program risks have declined further and now appear broadly balanced. The main threat to the growth outlook is the possibility of a slower-than-expected global recovery.

Subject: Banking, Economic sectors, External debt, Government debt management, Public debt, Public financial management (PFM), Public sector, Revenue administration

Keywords: Balance of payments current account, Core inflation, CR, Cyclical downturn well, Deficit, Global, Government debt management, Inflation expectation, Inflation outlook warrant, ISCR, Public sector, Target band

Publication Details

Pages:

34
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/002
Stock No:

1CRIEA2010001
ISBN:

9781451809718
ISSN:

1934-7685

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