Costa Rica: Recent Economic Developments
January 23, 1995
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This paper analyzes economic developments in Costa Rica during the 1990s. The paper highlights that the government of Costa Rica initiated an economic program for 1991–92 aimed at lowering inflation, strengthening the balance of payments, and setting the stage for sustained economic growth. These objectives were to be achieved through restrained financial policies, an exchange rate policy aimed at maintaining export competitiveness, and liberalization of prices, international trade, and the exchange system. The reduction in the combined public sector deficit in 1991 was accompanied by a tightening of monetary policy.
Subject: Banking, Commercial banks, Economic sectors, Exports, External debt, Foreign exchange, International trade, Public sector, Tariffs, Taxes
Keywords: balance of payments, banking system, capital market, Central America, central government, CR, crawling peg, exchange rate, Exports, foreign exchange, government, ISCR, managed float, market, monetary policy, private sector, proceeds, Public sector, Tariffs, wage bill
Pages:
73
Volume:
1995
DOI:
Issue:
002
Series:
Country Report No. 1995/002
Stock No:
1CRIEA0011995
ISBN:
9781451809565
ISSN:
1934-7685
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.
