IMF Staff Country Reports

Costa Rica: Staff Report for the 2006 Article IV Consultation

November 29, 2006

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Format: Chicago

International Monetary Fund. "Costa Rica: Staff Report for the 2006 Article IV Consultation", IMF Staff Country Reports 2006, 416 (2006), accessed May 23, 2025, https://doi.org/10.5089/9781451809664.002

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Summary

Despite the oil price shock, growth has been high. Discussions focused on the policies needed to reduce Costa Rica’s vulnerabilities, enhance growth, and reduce poverty in a lasting way. Passage of a substantial tax reform is essential. To bring inflation down to low single digits, the authorities plan to recapitalize the central bank and move gradually to a more flexible exchange rate regime. This Article IV Consultation provides an important opportunity to take stock of Costa Rica’s achievements and the challenges ahead.

Subject: Banking, Commercial banks, Economic sectors, Exports, External debt, Financial institutions, International trade, Public debt, Public sector

Keywords: Annex, Central America, Commercial banks, Consumer price inflation, CR, Exchange rate, Exports, Global, Inflation objective, ISCR, Monetary policy autonomy, Public sector, Rate of exchange rate crawl, Reform agenda

Publication Details

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