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Costa Rica: Third Review Under the Extended Arrangement Under the Extended Fund Facility, Request for an Arrangement Under the Resilience and Sustainability Facility, Request for Waiver of Nonobservance of Performance Criterion, and Monetary Policy Consultation

International Monetary Fund

No 2022/345, IMF Staff Country Reports from International Monetary Fund

Abstract: The new administration, which came into office in May 2022, has had to confront the aftermath of a cyberattack on several government systems as well as the impact of the commodity price shock, slowing trading partner growth, and tightening financial conditions. After a strong rebound in 2021, these global headwinds are weighing on activity. Meanwhile, as elsewhere, inflationary pressures are elevated.

Keywords: RSF arrangement; Costa Rican authorities; IMF Resilience and Sustainability Facility arrangement; decarbonization effort; inflation expectation; Climate change; Credit; International reserves; Global; Central America (search for similar items in EconPapers)
Pages: 127
Date: 2022-11-14
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