Costa Rica: Staff Report for the Second Review Under the Stand-By Arrangement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Costa Rica

International Monetary Fund

No 2010/002, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses key findings of the IMF staff report for Costa Rica for the Second Review Under the Stand-By Arrangement (SBA). Performance under the SBA has remained strong. All quantitative performance criteria for end-September were met, most with considerable margins. The authorities have continued to treat the SBA as precautionary. The outlook for a gradual recovery amid domestic and external stability remains the central scenario. Program risks have declined further and now appear broadly balanced. The main threat to the growth outlook is the possibility of a slower-than-expected global recovery.

Keywords: ISCR; CR; inflation outlook warrant; core inflation; inflation expectation; balance of payments current account; deficit; cyclical downturn well; target band; Public sector; Government debt management; Global (search for similar items in EconPapers)
Pages: 34
Date: 2010-01-05
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