Costa Rica: Third Review Under the Extended Arrangement Under the Extended Fund Facility, Request for an Arrangement Under the Resilience and Sustainability Facility, Request for Waiver of Nonobservance of Performance Criterion, and Monetary Policy Consultation
IMF Staff Country Reports, November 14, 2022
Source details
- Canonical URL
- Costa Rica: Third Review Under the Extended Arrangement Under the Extended Fund Facility, Request for an Arrangement Under the Resilience and Sustainability Facility, Request for Waiver of Nonobservance of Performance Criterion, and Monetary Policy Consultation
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Bibliographic details
- Published: November 14, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400226762.002
Key context and recent developments
- New administration took office in May 2022.
- Authorities confronted the aftermath of a cyberattack on several government systems.
- Global headwinds affecting Costa Rica include:
- commodity price shock;
- slowing trading partner growth;
- tightening financial conditions.
- After a strong rebound in 2021, these global headwinds are weighing on activity.
- Inflationary pressures are elevated.
Principal themes and focus areas (as presented)
- Program review under the Extended Fund Facility (third review).
- Request for an arrangement under the Resilience and Sustainability Facility (RSF).
- Request for waiver of nonobservance of a performance criterion.
- Monetary policy consultation.
Subjects and keywords (as listed)
- Subjects: Central banks, Climate change, Credit, Environment, Foreign exchange, International organization, International reserves, Monetary policy, Money, Public debt.
- Keywords: Central America, Climate change, Costa Rican authorities, Credit, decarbonization effort, Global, IMF Resilience and Sustainability Facility arrangement, inflation expectation, International reserves, RSF arrangement.
Content in this bundle
- 1criea2022002