Executive Board
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Board Discussions
on Costa Rica:

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February 22, 2013
May 25, 2011
May 28, 2010
December 16, 2009
September 23, 2009

Article IV Staff Reports

Financial Sector Assessment Program

Projected % Change
   2014  2015
Real GDP 3.8 4.1
Consumer Prices 2.9 4.5
Source: World Economic Outlook (April 2014)
Please refer to more recent PIN/Staff reports on this country for possible revisions.

Costa Rica: Financial Position in the Fund

Transactions with the Fund


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Costa Rica and the IMF
Updated November 6, 2013

The last Article IV Executive Board Consultation was on February 22, 2013. Listed below are items related to Costa Rica, in reverse chronological order (you can also view items by category).

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November 05, 2013 -- Press Release: IMF Publishes New Fiscal Transparency Assessment for Costa Rica
October 30, 2013 -- Costa Rica: Fiscal Transparency Assessment
Series: Country Report No. 13/316
Notes: Also Available in Spanish
October 12, 2013 -- IMFC Statement by Luis de Guindos, Minister of Finance and Competitiveness of Spain
On behalf of: Colombia, Costa Rica, Spain, Guatemala, Honduras, Mexico, El Salvador, República Bolivariana de Venezuela. PDF File Size: 218Kb
October 12, 2013 -- Transcript of a Press Briefing of Western Hemisphere Regional Economic Outlook Update
March 22, 2013 -- Costa Rica: 2012 Article IV Consultation
Series: Country Report No. 13/79
March 22, 2013 -- Costa Rica: Selected Issues
Series: Country Report No. 13/80
March 07, 2013 -- Press Release: Statement by IMF Deputy Managing Director Naoyuki Shinohara at the Conclusion of His Visit to Costa Rica
March 01, 2013 -- Costa Rica: IMF Executive Board Concludes 2012 Article IV Consultation
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
October 13, 2012 -- IMFC Statement by Luis de Guindos, Governor for Spain
On behalf of: Costa Rica, Spain, Guatemala, Honduras, Mexico, Nicaragua, El Salvador, República Bolivariana de Venezuela. PDF File Size: 428Kb
December 01, 2011 -- Developments in Financial Supervision and the Use of Macroprudential Measures in Central America
Author/Editor: Delgado, Fernando L | Meza, Mynor
Series: Working Paper No. 11/299
July 05, 2011 -- Costa Rica: 2011 Article IV Consultation - Staff Report; Informational Annex; Public Information Notice, Press Release, and Statement by the Executive Director
Series: Country Report No. 11/161
June 28, 2011 -- Costa Rica: Ex Post Evaluation of Exceptional Access Under the 2009 Stand-By Arrangement
Series: Country Report No. 11/157
June 01, 2011 -- International Reserve Adequacy in Central America
Author/Editor: Magnusson Bernard, Kristin
Series: Working Paper No. 11/144
May 31, 2011 -- Public Information Notice: IMF Executive Board Concludes 2011 Article IV Consultation with Costa Rica and Ex-Post Evaluation of Exceptional Access under the 2009 Stand-By Arrangement
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
April 13, 2011 -- Press Release: Staff Statement at the Conclusion of an IMF Mission to Costa Rica
June 09, 2010 -- Costa Rica: Third and Final Review Under the Stand-By Arrangement - Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Costa Rica.
Series: Country Report No. 10/162
June 01, 2010 -- Press Release: IMF Executive Board Completes Final Review Under Stand-By Arrangement with Costa Rica
April 19, 2010 -- Press Release: Statement by an IMF Mission to Costa Rica
February 26, 2010 -- Costa Rica: Report on the Observance of Standards and Codes - Data Module, Response by the Authorities, and Detailed Assessment Using the Data Quality Assessment Framework (DQAF)
Series: Country Report No. 10/53
January 05, 2010 -- 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
Series: Country Report No. 10/2
December 18, 2009 -- Press Release: IMF Executive Board Completes Second Review Under Stand-By Arrangement with Costa Rica
November 18, 2009 -- Costa Rica -- Letter of Intent and Memorandum of Economic and Financial Policies, November 18, 2009
PDF File Size: 422Kb
November 12, 2009 -- Press Release: Statement by an IMF Mission to Costa Rica
October 19, 2009 -- Public Information Notice: IMF Executive Board Concludes Article IV Consultation with Costa Rica
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
October 16, 2009 -- Costa Rica: Staff Report for the 2009 Article IV Consultation and First Review Under the Stand-By Arrangement; Press Release and Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Costa Rica
Series: Country Report No. 09/303
September 25, 2009 -- Press Release: IMF Executive Board Approves First Review Under Costa Rica's Stand-By Arrangement
September 03, 2009 -- Costa Rica -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, September 03, 2009
PDF File Size: 593Kb
August 24, 2009 -- Press Release: Statement by an IMF Mission to Costa Rica
April 29, 2009 -- Costa Rica: Request for Stand-By Arrangement - Staff Report; Staff Supplement and Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Costa Rica
Series: Country Report No. 09/134
April 13, 2009 -- Press Release: IMF Executive Board Approves US$ 735 Million Precautionary Stand-By Arrangement for Costa Rica
March 26, 2009 -- Costa Rica -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, March 26, 2009
Also Available in Spanish PDF File Size: 560Kb
December 11, 2008 -- Press Release: Statement by IMF Managing Director Dominique Strauss-Kahn at the Conclusion of his Visit to Costa Rica
July 07, 2008 -- Press Release: IMF Staff Statement at the Conclusion of the Staff Visit to Costa Rica
March 10, 2008 -- Public Information Notice: IMF Executive Board Concludes 2007 Article IV Consultation with Costa Rica
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment
March 10, 2008 -- Costa Rica: 2007 Article IV Consultation - Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Costa Rica
Series: Country Report No. 08/97
February 01, 2008 -- Central America's Regional Trends and U.S. Cycles
Author/Editor: Roache, Shaun K.
Series: Working Paper No. 08/50
December 14, 2007 -- Press Release: IMF Staff Statement at the Conclusion of the Article IV Discussions with Costa Rica
December 01, 2007 -- Equity and Private Debt Markets in Central America, Panama, and the Dominican Republic
Author/Editor: Shah, Hemant | Carvajal, Ana | Bannister, Geoffrey J. | Chan-Lau, Jorge A. | Guerra, Ivan
Series: Working Paper No. 07/288
November 30, 2007 -- Costa Rica: Report on Observance of Standards and Codes - Fiscal Transparency Module
Series: Country Report No. 07/372
October 22, 2007 -- Statement by the Hon. Guillermo Zuniga Chaves, Governor of the World Bank Group for Costa Rica, at the Joint Annual Discussion
PDF File Size: 86Kb
June 01, 2007 -- Public Debt Markets in Central America, Panama, and the Dominican Republic
Author/Editor: Shah, Hemant | Jobst, Andreas | Valderrama, Laura | Guerra, Ivan
Series: Working Paper No. 07/147
February 20, 2007 -- Press Release: IMF Staff Statement at the Conclusion of a Visit to Costa Rica
February 02, 2007 -- Press Release: Statement by IMF Managing Director Rodrigo de Rato at the Conclusion of His Visit to Costa Rica
February 02, 2007 -- Speech at the High-Level Conference on Investment in Central America, by Rodrigo de Rato, Managing Director of the IMF, San Jose, Costa Rica
December 11, 2006 -- IMF Survey:
IMF work agenda; Debt sustainability framework upgraded; interview on IMF financial work; Costa Rica, Trinidad & Tobago; IMF surveillance framework and IMF role; China: growth; Korea: knowledge-based economy; Research conference; fiscal federalism. PDF File Size: 757Kb
December 01, 2006 -- Regulatory Lessons from the Crisis of Costa Rica's Mutual Fund Industry
Author/Editor: Carvajal, Ana
Series: Working Paper No. 06/288
November 29, 2006 -- Costa Rica: 2006 Article IV Consultation - Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Costa Rica
Series: Country Report No. 06/416
November 28, 2006 -- Public Information Notice: IMF Executive Board Concludes 2006 Article IV Consultation with Costa Rica
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
August 03, 2006 -- Press Release: IMF Staff Statement on the Conclusion of the Article IV Discussions with Costa Rica
October 13, 2005 -- Global Context and Regional Outlook for Latin America and the Caribbean, Presented by Anoop Singh, Director, Western Hemisphere Department, IMF
At a symposium sponsored by the Banco de la Republica, Bogota, Colombia
May 19, 2005 -- Opening Remarks by Mr. Agustín Carstens, Deputy Managing Director, International Monetary Fund
At the IMF Seminar For Legislators of Central America, San José, Costa Rica, May 19-20, 2005
January 01, 2005 -- Capitalizing Central Banks: A Net Worth Approach
Author/Editor: Ize, Alain
Series: Working Paper No. 05/15
September 20, 2004 -- Costa Rica: 2004 Article IV Consultation--Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Costa Rica
Series: Country Report No. 04/298
August 19, 2004 -- Public Information Notice: IMF Concludes 2004 Article IV Consultation with Costa Rica
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
July 14, 2004 -- Press Release: Statement by IMF Deputy Managing Director Carstens at the Conclusion of his Visit to Costa Rica
July 12, 2004 -- Twenty Years Without a Crisis in Costa Rica: The IMF's View, Speech by Agustín Carstens, Deputy Managing Director, IMF
At the Seminar on Volatility and Vulnerability, Academy of Central America, Costa Rica
April 15, 2004 -- Transcript of an Economic Forum - Health, Wealth, and Welfare
October 01, 2003 -- Financial Integration in Central America: Prospects and Adjustment Needs
Author/Editor: Canales Kriljenko, Jorge Iván | Khandelwal, Padamja | Lehmann, Alexander
Series: Policy Discussion Paper No. 03/3
April 17, 2003 -- Costa Rica: Financial System Stability Assessment
Series: Country Report No. 03/103
March 21, 2003 -- Costa Rica: 2002 Article IV Consultation-Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion
Series: Country Report No. 03/82
March 07, 2003 -- Public Information Notice: IMF Concludes 2002 Article IV Consultation with Costa Rica
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
March 01, 2003 -- Determinants of the Choice of Exchange Rate Regimes in Six Central American Countries: An Empirical Analysis
Author/Editor: Papaioannou, Michael G.
Series: Working Paper No. 03/59
December 01, 2002 -- Central American Tax Reform: Trends and Possibilities
Author/Editor: Stotsky, Janet Gale | WoldeMariam, Asegedech
Series: Working Paper No. 02/227
November 01, 2002 -- Expenditure Issues and Governance in Central America
Author/Editor: Corbacho, Ana | Davoodi, Hamid Reza
Series: Working Paper No. 02/187
August 16, 2002 -- Costa Rica: Report on the Observance of Standards and Codes--Data Module; Response by the Authorities; and Detailed Assessment Using the Data Quality Assessment Framework
Series: Country Report No. 02/185
April 24, 2002 -- Public Information Notice: IMF Concludes 2001 Article IV Consultation with Costa Rica
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
April 24, 2002 -- Costa Rica: 2001 Article IV Consultation--Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Costa Rica
Series: Country Report No. 02/88
April 24, 2002 -- Costa Rica: Selected Issues
Series: Country Report No. 02/89
April 24, 2002 -- Costa Rica: 2001 Article IV Consultation--Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Costa Rica
Series: Country Report No. 02/88
April 24, 2002 -- Costa Rica: Selected Issues
Series: Country Report No. 02/89
April 20, 2002 -- Statement by Mr. Rodrigo de Rato, Second Vicepresident and Minister of Economy of Spain to the IMFC, Washington, D. C., April, 2002
The International Monetary and Financial Committee statement on behalf of the constituency comprising Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Spain, Venezuela
November 17, 2001 -- Statement by Mr. Francisco Gil Díaz, Minister of Finance and Public Credit of Mexico, to the International Monetary and Financial Committee, Washington, D. C., November 17, 2001
The International Monetary and Financial Committee statement on behalf of the constituency comprising Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Spain, Venezuela
October 01, 2001 -- Economic and Environmental Benefits of Eliminating Log Export Bans--The Case of Costa Rica
Author/Editor: Kishor, Nalin M. | Mani, Muthukumara | Constantino, Luis F.
Series: Working Paper No. 01/153
October 01, 2001 -- Economic and Environmental Benefits of Eliminating Log Export Bans--The Case of Costa Rica
Author/Editor: Kishor, Nalin M. | Mani, Muthukumara | Constantino, Luis F.
Series: Working Paper No. 01/153
July 13, 2001 -- Transcript of a Press Briefing by Thomas Dawson, Director, External Relations Department
February 01, 2001 -- Competitiveness and the Equilibrium Exchange Rate in Costa Rica
Author/Editor: Paiva, Claudio
Series: Working Paper No. 01/23
September 27, 2000 -- Statement by the Hon. Eduardo Lizano Fait, Governor of the IMF for Costa Rica, at the Closing Joint Session
PDF File Size: 98Kb
November 30, 1999 -- Costa Rica--Statistical Annex
Series: IMF Staff Country Report No. 99/133
October 26, 1999 -- Public Information Notice: IMF Concludes Article IV Consultation with Costa Rica
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
September 26, 1999 -- Statement by Mr. Antonio Casas Gonzalez,Governor of the Bank of Venezuela, Fifty-Third Meeting of the IMF Interim Committee
The Interim Committee member for the constituency consisting of Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Spain and Venezuela
June 04, 1998 -- Costa Rica - Recent Economic Developments
Series: IMF Staff Country Report No. 98/45
May 14, 1998 -- Press Information Notice: IMF Concludes Article IV Consultation with Costa Rica
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
September 23, 1997 -- Statement by the Hon. Carlos A. Massad, Governor of the World Bank and the Fund for Chile on behalf of the Latin American Governors of the Fund, at the Joint Annual Discussion.
PDF File Size: 34Kb
August 26, 1996 -- Costa Rica--Statistical Appendix
Series: IMF Staff Country Report No. 96/67
November 29, 1995 -- Press Release: IMF Approves Stand-By Credit for Costa Rica
January 23, 1995 -- Costa Rica - Recent Economic Developments
Series: IMF Staff Country Report No. 95/2
Notes: This report on recent economic developments in Costa Rica was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.
October 01, 1991 -- The Cost of Export Subsidies: Evidence from Costa Rica
Author/Editor: Hoffmaister, Alexander W.
Series: Working Paper No. 91/94
Notes: Also published in Staff Papers, Vol. 39, No. 1, March 1992.
July 01, 1991 -- Economic Growth in Latin America
Author/Editor: De Gregorio, Jose
Series: Working Paper No. 91/71

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