Costa Rica: Staff Report for the Second Review Under the Stand-By Arrangement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Costa Rica
IMF Staff Country Reports, January 5, 2010
Source details
- Canonical URL
- Costa Rica: Staff Report for the Second Review Under the Stand-By Arrangement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Costa Rica
Other formats
Bibliographic details
- Published: January 5, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451809718.002
Key findings
- Performance under the SBA has remained strong.
- All quantitative performance criteria for end-September were met, most with considerable margins.
- The authorities have continued to treat the SBA as precautionary.
- Program risks have declined further and now appear broadly balanced.
- The main threat to the growth outlook is the possibility of a slower-than-expected global recovery.
Economic outlook and risks
- Central scenario: a gradual recovery amid domestic and external stability.
- Main downside risk: slower-than-expected global recovery.
Program performance and assessment
- Quantitative performance criteria: all met for end-September; most met with considerable margins.
- Treatment of the SBA by authorities: precautionary.
- Program risk balance: declined further and now appear broadly balanced.
Thematic coverage (subjects and keywords)
- Subject: Banking; Economic sectors; External debt; Government debt management; Public debt; Public financial management (PFM); Public sector; Revenue administration
- Keywords: balance of payments current account; core inflation; CR; cyclical downturn well; deficit; Global; Government debt management; inflation expectation; inflation outlook warrant; ISCR; Public sector; target band
Content in this bundle
- Executive Summary — Costa Rica