Costa Rica: First and Second Reviews Under the Extended Arrangement Under the Extended Fund Facility, Request for Extension of the Arrangement, and Rephasing of Purchases-Press Release; Staff Report; and Statement by the Executive Director for Costa Rica

International Monetary Fund

No 2022/093, IMF Staff Country Reports from International Monetary Fund

Abstract: On March 1, 2021, the IMF Executive Board approved a 36-month arrangement under the Extended Fund Facility (EFF) with access of SDR 1.23749 billion (335 percent of quota, equivalent to US$1.778 billion) to support the country’s response to the pandemic and its reform efforts toward strong, inclusive, and sustainable growth. The authorities’ proactive response to the COVID-19 crisis, combined with sustained export performance, have supported a robust recovery. The outlook remains subject to downside risks, amid tighter global financial conditions, higher commodity prices, and the threat of new COVID variants.

Keywords: Costa Rican authorities; EFF arrangement; transparency policy; exchange market operation; IMF staff estimate; EFF program; economic reform reform program; Climate change; International reserves; Credit; Global; Central America (search for similar items in EconPapers)
Pages: 115
Date: 2022-03-25
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