Costa Rica: Sixth Review Under the Extended Arrangement Under the Extended Fund Facility, Third Review Under the Resilience and Sustainability Facility Arrangement, and Monetary Policy Consultation Clause

Publication Date:

June 14, 2024

Electronic Access:

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Summary:

Recent developments and outlook. Growth accelerated to 5.1 percent in 2023 and is projected to remain robust at 4 percent in 2024. Inflation (year-on-year) has stayed negative since mid-2023, triggering Board Consultation under the Monetary Policy Consultation Clause. However, as base effects drop out of the year-on-year calculation, headline inflation is expected to return to the central bank’s tolerance band (2-4 percent) by late 2024. Formal employment, private-sector wages, and poverty are all moving in the right direction.

Series:

Country Report No. 2024/166

Subject:

Frequency:

regular

English

Publication Date:

June 14, 2024

ISBN/ISSN:

9798400278662/1934-7685

Stock No:

1CRIEA2024001

Format:

Paper

Pages:

130

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