IMF Staff Country Reports

Costa Rica: 2012 Article IV Consultation

Publication Date:

March 22, 2013

Electronic Access:

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Summary:

This article is an analytical report of the economic developments of Costa Rica. The economy showed rapid growth in the aftermath of the global crisis with low inflation; but for further stable growth, certain policy frameworks and reforms need to be reinforced. The fiscal stance should be made tighter to mitigate risks of inflation and external imbalances. Interest rates and exchange rates must be increased, and monetary policy should be tightened for price stability. The Executive Board welcomes these measures for structural potential growth.

Series:

Country Report No. 2013/079

Subject:

Economic sectors Exchange rates Expenditure Foreign exchange Government debt management Inflation Prices Public debt Public sector