Costa Rica: Recent Economic Developments

January 23, 1995

Preview Citation

Format: Chicago

Costa Rica: Recent Economic Developments, (USA: International Monetary Fund, 1995) accessed November 23, 2024

Summary

This paper analyzes economic developments in Costa Rica during the 1990s. The paper highlights that the government of Costa Rica initiated an economic program for 1991–92 aimed at lowering inflation, strengthening the balance of payments, and setting the stage for sustained economic growth. These objectives were to be achieved through restrained financial policies, an exchange rate policy aimed at maintaining export competitiveness, and liberalization of prices, international trade, and the exchange system. The reduction in the combined public sector deficit in 1991 was accompanied by a tightening of monetary policy.

Subject: Banking, Commercial banks, Economic sectors, Exports, External debt, Foreign exchange, International trade, Public sector, Tariffs, Taxes

Keywords: Balance of payments, Banking system, Capital market, Central America, Central government, CR, Crawling peg, Exchange rate, Exports, Foreign exchange, Government, ISCR, Managed float, Market, Monetary policy, Private sector, Proceeds, Public sector, Tariffs, Wage bill

Publication Details

Pages:

73
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 1995/002
Stock No:

1CRIEA0011995
ISBN:

9781451809565
ISSN:

1934-7685

Notes

This report on recent economic developments in Costa Rica was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports