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
October 16, 2009
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Costa Rica’s economy has been hit hard by the global crisis, but active policies have helped preserve stability and mitigate the negative impact on growth. This 2009 Article IV Consultation highlights that despite the worsening of economic activity, the banking sector has remained sound. Although the nonperforming loan ratio of banks has risen moderately and profitability declined in the first half of 2009, liquidity and solvency indicators remained adequate. Fiscal policy has provided significant support to domestic demand.
Subject: Banking, Economic sectors, Expenditure, External debt, Government debt management, Public debt, Public financial management (PFM), Public sector
Keywords: balance of payments position, Central America, central government deficit, Costa Rican economy, CR, deficit, Global, Government debt management, helping anchor inflation expectation, IMF staff projection, investor risk appetite, ISCR, Public sector, SDR
Pages:
64
Volume:
2009
DOI:
Issue:
303
Series:
Country Report No. 2009/303
Stock No:
1CRIEA2009002
ISBN:
9781451809701
ISSN:
1934-7685
