Costa Rica: Staff Report for the 2006 Article IV Consultation

November 29, 2006

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Costa Rica: Staff Report for the 2006 Article IV Consultation, (USA: International Monetary Fund, 2006) accessed November 23, 2024

Summary

Despite the oil price shock, growth has been high. Discussions focused on the policies needed to reduce Costa Rica’s vulnerabilities, enhance growth, and reduce poverty in a lasting way. Passage of a substantial tax reform is essential. To bring inflation down to low single digits, the authorities plan to recapitalize the central bank and move gradually to a more flexible exchange rate regime. This Article IV Consultation provides an important opportunity to take stock of Costa Rica’s achievements and the challenges ahead.

Subject: Banking, Commercial banks, Economic sectors, Exports, External debt, Financial institutions, International trade, Public debt, Public sector

Keywords: Annex, Central America, Commercial banks, Consumer price inflation, CR, Exchange rate, Exports, Global, Inflation objective, ISCR, Monetary policy autonomy, Public sector, Rate of exchange rate crawl, Reform agenda

Publication Details

Pages:

62
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/416
Stock No:

1CRIEA2006001
ISBN:

9781451809664
ISSN:

1934-7685

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