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
March 25, 2022
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On March 1, 2021, the IMF Executive Board approved a 36-month arrangement under the Extended Fund Facility (EFF) with access of SDR 1.23749 billion (335 percent of quota, equivalent to US$1.778 billion) to support the country’s response to the pandemic and its reform efforts toward strong, inclusive, and sustainable growth. The authorities’ proactive response to the COVID-19 crisis, combined with sustained export performance, have supported a robust recovery. The outlook remains subject to downside risks, amid tighter global financial conditions, higher commodity prices, and the threat of new COVID variants.
Subject: Central banks, Climate change, Credit, Environment, Fiscal policy, International organization, International reserves, Monetary policy, Money, Public debt
Keywords: Central America, Climate change, Costa Rican authorities, Credit, economic reform reform program, EFF arrangement, EFF program, exchange market operation, Global, IMF staff estimate, International reserves, transparency policy
Pages:
115
Volume:
2022
DOI:
Issue:
093
Series:
Country Report No. 2022/093
Stock No:
1CRIEA2022001
ISBN:
9798400205743
ISSN:
1934-7685
