Costa Rica: Fourth Review Under the Extended Arrangement Under the Extended Fund Facility, First Review Under the Resilience and Sustainability Arrangement, Request for Modification of Reform Measure Under the Resilience and Sustainability Facility, and Monetary Policy Consultation-Press Release; and Staff Report
IMF Staff Country Reports, June 27, 2023
Source details
- Canonical URL
- Costa Rica: Fourth Review Under the Extended Arrangement Under the Extended Fund Facility, First Review Under the Resilience and Sustainability Arrangement, Request for Modification of Reform Measure Under the Resilience and Sustainability Facility, and Monetary Policy Consultation-Press Release; and Staff Report
Other formats
Bibliographic details
- Published: June 27, 2023
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400247200.002
Executive summary and program status
- Program performance under both the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF) remains strong.
- All performance criteria and indicative targets have been met for the fourth review of the EFF.
- Implementation of most structural reforms is on track.
- Progress on implementing the Public Employment Bill has been slower than anticipated, but the single wage spine has been put in place for one quarter of executive branch positions, meeting the prior action for this review.
Inflation and monetary policy consultation
- Inflation exceeded the outer band of the Monetary Policy Consultation Clause in December 2022, triggering a Board consultation.
- Inflation has been on a strong downward trend, returning to the central bank’s tolerance band in April.
Key statistics and publication metadata
- Publication date: June 27, 2023
- Pages: 125
- Volume: 2023
- Issue: 231
- Series: Country Report No. 2023/231
- DOI: https://doi.org/10.5089/9798400247200.002
- Stock No: 1CRIEA2023003
- ISBN: 9798400247200
- ISSN: 1934-7685
Thematic tags and focus areas (as stated)
- Central banks
- Credit
- Fiscal policy
- Fiscal stance
- Inflation
- International organization
- International reserves
- Monetary policy
- Money
- Prices
- Public debt
Costa Rica: Fourth Review Under the Extended Arrangement Under the Extended Fund Facility, First Review Under the Resilience and Sustainability Arrangement, Request for Modification of Reform Measure Under the Resilience and Sustainability Facility, and Monetary Policy Consultation-Press Release; and Staff Report, IMF Staff Country Reports, June 27, 2023.
Content in this bundle
- 1criea2023003