Costa Rica: Staff Report for the 2006 Article IV Consultation

International Monetary Fund

No 2006/416, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; annex; exchange rate; rate of exchange rate crawl; monetary policy autonomy; inflation objective; consumer price inflation; reform agenda; Public sector; Commercial banks; Exports; Global; Central America (search for similar items in EconPapers)
Pages: 62
Date: 2006-11-29
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