Costa Rica: Staff Report for the 2001 Article IV Consultation
April 24, 2002
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This 2001 Article IV Consultation highlights that the economic performance of Costa Rica weakened in 2000. Real GDP growth slowed to 1.7 percent, from more than 8 percent a year in 1998–99, reflecting in part deterioration in terms of trade, the end of the construction phase of a large foreign direct investment project by Intel, and the effect of high real interest rates on domestic demand. Inflation remained at 10 percent during the year. In the structural area, the assembly approved legislation to open up the telecommunications and electricity sectors to private investment.
Subject: Banking, Central banks, Economic sectors, Government debt management, Imports, International reserves, International trade, Public debt, Public financial management (PFM), Public sector
Keywords: Caribbean, Central America, CR, deficit, Government debt management, Imports, International reserves, ISCR, Public sector, public sector deficit, rate of crawl, staff appraisal, statistical discrepancy, tax simplification package
Pages:
52
Volume:
2002
DOI:
Issue:
088
Series:
Country Report No. 2002/088
Stock No:
1CRIEA0012002
ISBN:
9781451809602
ISSN:
1934-7685
