## Costa Rica: Post Financing Assessment-Press Release; and Staff Report

_IMF Staff Country Reports, December 23, 2024_

## Source details

**Canonical URL:** [Costa Rica: Post Financing Assessment-Press Release; and Staff Report](https://www.imf.org/en/publications/cr/issues/2024/12/20/costa-rica-post-financing-assessment-press-release-and-staff-report-559790)

## Other formats

- [Markdown version](/en/publications/cr/issues/2024/12/20/costa-rica-post-financing-assessment-press-release-and-staff-report-559790/index.md)
- [Structured JSON version](/en/publications/cr/issues/2024/12/20/costa-rica-post-financing-assessment-press-release-and-staff-report-559790/index.json)
- [Bundle manifest](/en/publications/cr/issues/2024/12/20/costa-rica-post-financing-assessment-press-release-and-staff-report-559790/bundle-manifest.json)

## Bibliographic details
- Published: December 23, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400295485.002

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### Economic outlook and recent performance
- Growth has exceeded 4 percent so far in 2024.
- Growth is expected to moderate to 3 1/2 percent in 2025.
- Costa Rica successfully completed its Extended Fund Facility and Resilience and Sustainability arrangements in June.
- Growth remains robust, inflation continues to converge to the central bank’s target from below, and international reserves are ample.

### Fiscal policy and consolidation
- Fiscal consolidation should be anchored on reducing spending in nonpriority areas and bolstering revenues while allowing for some increase in social spending.
- The fiscal stance should be centered on adhering to the fiscal rule and medium-term fiscal framework.

### Financial sector stability and safety nets
- The recent intervention and resolution of two small, nonbank financial institutions underscores the importance of the authorities’ plans to strengthen the frameworks for bank resolution and deposit insurance.

### Resilience, institutions, and supply-side reforms
- Discussions centered on further enhancing economic and climate resilience, capitalizing on Costa Rica’s economic fundamentals and institutions, and sustaining the policy track record demonstrated over the past several years.
- Progress in a range of supply side areas will be important to raise potential growth and mitigate the effects of climate change.

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## Content in this bundle

- **1criea2024002-print-pdf**
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_Source: https://www.imf.org/en/publications/cr/issues/2024/12/20/costa-rica-post-financing-assessment-press-release-and-staff-report-559790_