Costa Rica: Staff Report for the 2006 Article IV Consultation
November 29, 2006
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Despite the oil price shock, growth has been high. Discussions focused on the policies needed to reduce Costa Rica’s vulnerabilities, enhance growth, and reduce poverty in a lasting way. Passage of a substantial tax reform is essential. To bring inflation down to low single digits, the authorities plan to recapitalize the central bank and move gradually to a more flexible exchange rate regime. This Article IV Consultation provides an important opportunity to take stock of Costa Rica’s achievements and the challenges ahead.
Subject: Banking, Commercial banks, Economic sectors, Exports, External debt, Financial institutions, International trade, Public debt, Public sector
Keywords: annex, Central America, Commercial banks, consumer price inflation, CR, exchange rate, Exports, Global, inflation objective, ISCR, monetary policy autonomy, Public sector, rate of exchange rate crawl, reform agenda
Pages:
62
Volume:
2006
DOI:
Issue:
416
Series:
Country Report No. 2006/416
Stock No:
1CRIEA2006001
ISBN:
9781451809664
ISSN:
1934-7685
