Costa Rica: First and Second Reviews Under the Extended Arrangement Under the Extended Fund Facility, Request for Extension of the Arrangement, and Rephasing of Purchases-Press Release; Staff Report; and Statement by the Executive Director for Costa Rica

March 25, 2022

Preview Citation

Format: Chicago

Costa Rica: First and Second Reviews Under the Extended Arrangement Under the Extended Fund Facility, Request for Extension of the Arrangement, and Rephasing of Purchases-Press Release; Staff Report; and Statement by the Executive Director for Costa Rica, (USA: International Monetary Fund, 2022) accessed November 15, 2024

Summary

On March 1, 2021, the IMF Executive Board approved a 36-month arrangement under the Extended Fund Facility (EFF) with access of SDR 1.23749 billion (335 percent of quota, equivalent to US$1.778 billion) to support the country’s response to the pandemic and its reform efforts toward strong, inclusive, and sustainable growth. The authorities’ proactive response to the COVID-19 crisis, combined with sustained export performance, have supported a robust recovery. The outlook remains subject to downside risks, amid tighter global financial conditions, higher commodity prices, and the threat of new COVID variants.

Subject: Central banks, Climate change, Credit, Environment, Fiscal policy, International organization, International reserves, Monetary policy, Money, Public debt

Keywords: Central America, Climate change, Costa Rican authorities, Credit, Economic reform reform program, EFF arrangement, EFF program, Exchange market operation, Global, IMF staff estimate, International reserves, Transparency policy

Publication Details

Pages:

115
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2022/093
Stock No:

1CRIEA2022001
ISBN:

9798400205743
ISSN:

1934-7685

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