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

International Monetary Fund

No 2010/162, IMF Staff Country Reports from International Monetary Fund

Abstract: The 2010 staff report for the Third and Final Review Under the Stand-By Arrangement (SBA) reviews the economic performance of Costa Rica. The structural benchmarks related to the deposit insurance and bank resolution framework were delayed owing to a longer-than-expected consultation process. The gains in lowering inflation should be consolidated, including through the adoption of an inflation targeting framework to bolster policy credibility. IMF support helped to maintain confidence in the consistency of policies and the strength of financial buffers.

Keywords: ISCR; CR; inflation expectation; inflation pressure; deficit; year-end target range; economic activity; core inflation; headline inflation; Public sector; Government debt management; Global (search for similar items in EconPapers)
Pages: 30
Date: 2010-06-10
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