Costa Rica: Ex Post Evaluation of Exceptional Access Under the 2009 Stand-By Arrangement

June 28, 2011

Preview Citation

Format: Chicago

Costa Rica: Ex Post Evaluation of Exceptional Access Under the 2009 Stand-By Arrangement, (USA: International Monetary Fund, 2011) accessed November 23, 2024

Summary

This report reviews Costa Rica’s performance under the Stand-By Arrangement. At the time of the global crisis, Costa Rica’s macroeconomic policy framework was constraining policy options. The financial program’s design was consistent with its policies and objectives. Structural reforms during the program period were slow, and fiscal risk increased. The program’s design reflected the challenges and priorities that Costa Rica faced at that time, as well as policy constraints. Program conditionality focused on maintaining sufficient buffers in the form of foreign exchange reserves.

Subject: Banking, Exchange rates, Expenditure, Fiscal policy, Fiscal stance, Foreign exchange, Public debt

Keywords: Baseline program, Central bank, CR, Exchange rate, Exchange rates, External shock, Financing, Fiscal stance, Global, Government, ISCR, Letter of intent, Monetary policy, Output gap, Policy, Private sector, Sanctions regime

Publication Details

Pages:

28
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/157
Stock No:

1CRIEA2011001
ISBN:

9781455273508
ISSN:

1934-7685

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