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.
June 10, 2010
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The 2010 staff report for the Third and Final Review Under the Stand-By Arrangement (SBA) reviews the economic performance of Costa Rica. The structural benchmarks related to the deposit insurance and bank resolution framework were delayed owing to a longer-than-expected consultation process. The gains in lowering inflation should be consolidated, including through the adoption of an inflation targeting framework to bolster policy credibility. IMF support helped to maintain confidence in the consistency of policies and the strength of financial buffers.
Subject: Banking, Economic sectors, Expenditure, External debt, Government debt management, Public debt, Public financial management (PFM), Public sector
Keywords: core inflation, CR, deficit, economic activity, Global, Government debt management, headline inflation, inflation expectation, inflation pressure, ISCR, Public sector, year-end target range
Pages:
30
Volume:
2010
DOI:
Issue:
162
Series:
Country Report No. 2010/162
Stock No:
1CRIEA2010003
ISBN:
9781455202591
ISSN:
1934-7685
