Costa Rica: First and Second Reviews Under the Extended Arrangement Under the Extended Fund Facility, Request for Extension of the Arrangement, and Rephasing of Purchases-Press Release; Staff Report; and Statement by the Executive Director for Costa Rica
IMF Staff Country Reports, March 25, 2022
Source details
- Canonical URL
- Costa Rica: First and Second Reviews Under the Extended Arrangement Under the Extended Fund Facility, Request for Extension of the Arrangement, and Rephasing of Purchases-Press Release; Staff Report; and Statement by the Executive Director for Costa Rica
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Bibliographic details
- Published: March 25, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400205743.002
IMF arrangement approval and financial terms
- On March 1, 2021, the IMF Executive Board approved a 36-month arrangement under the Extended Fund Facility (EFF).
- Access: SDR 1.23749 billion (335 percent of quota, equivalent to US$1.778 billion).
Program purpose and context
- Objective: to support the country’s response to the pandemic and its reform efforts toward strong, inclusive, and sustainable growth.
- Authorities’ actions: described as a proactive response to the COVID-19 crisis.
- Recovery drivers cited: the authorities’ proactive response combined with sustained export performance have supported a robust recovery.
Outlook and risks
- The outlook remains subject to downside risks, including:
- tighter global financial conditions,
- higher commodity prices,
- the threat of new COVID variants.
Content in this bundle
- 1criea2022001