Costa Rica : Ex Post Evaluation of Exceptional Access Under the 2009 Stand-By Arrangement

Publication Date: June 28, 2011
Electronic Access: Free Full text (PDF file size is 668KB).
Use the free Adobe Acrobat Reader to view this PDF file

Summary: This report reviews Costa Rica’s performance under the Stand-By Arrangement. At the time of the global crisis, Costa Rica’s macroeconomic policy framework was constraining policy options. The financial program’s design was consistent with its policies and objectives. Structural reforms during the program period were slow, and fiscal risk increased. The program’s design reflected the challenges and priorities that Costa Rica faced at that time, as well as policy constraints. Program conditionality focused on maintaining sufficient buffers in the form of foreign exchange reserves.
Series: Country Report No. 11/157
Subject(s): Conditionality | Economic indicators | Ex post assessments | Risk management | Stand-by arrangement reviews

Publication Date: June 28, 2011
ISBN/ISSN: 9781455273508/1934-7685 Format: Paper
Stock No: 1CRIEA2011001 Pages: 28
US$18.00 (Academic Rate:
US$18.00 )
Please address any questions about this title to