Costa Rica: Post Financing Assessment-Press Release; and Staff Report
Costa Rica: Post Financing Assessment-Press Release; and Staff Report
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Volume/Issue:
Volume 2024
Issue 359
Publication date: December 2024
ISBN: 9798400295485
$20.00
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Topics covered in this book
This title contains information about the following subjects.
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Banks and Banking , Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , BCCR President Madrigal López , Policy discussion , debt management reform , IMF's transparency policy , financing cost , Credit , International reserves , Global , Central America
Summary
Costa Rica successfully completed its Extended Fund Facility (EFF) and
Resilience and Sustainability (RSF) arrangements in June. Growth remains robust,
inflation continues to converge to the central bank’s target from below, and
international reserves are ample. While one-off revenue shortfalls and expenditures
have reduced the primary surplus for 2024, policies remain consistent with the fiscal
rule and fiscal consolidation is expected to resume next year. The authorities remain
committed to a broad range of reforms, including those aimed at institutionalizing the
progress they have achieved under the EFF and RSF programs.
