IMF Staff Country Reports

Costa Rica: Technical Assistance Report-Sovereign Asset and Liability Management—Scoping Mission

June 15, 2023

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Costa Rica: Technical Assistance Report-Sovereign Asset and Liability Management—Scoping Mission, (USA: International Monetary Fund, 2023) accessed October 26, 2024

Summary

This technical assistance report on Costa Rica discusses the scoping mission on sovereign asset and liability management (SALM). A comprehensive SALM framework can have significant advantages over separate management of sovereign assets and liabilities. It allows analysis of the financial characteristics of the whole balance sheet of the sovereign, identification of sources of costs and risks, and quantification of the correlations among those sources. An analysis of the balance sheet of each entity in Costa Rica’s broader public sector is the first step in developing a consolidated sovereign balance sheet. The balance sheet composition of each entity, or type of entity, is shaped by the nature of its business, historic policy decisions, and the regulatory regime under which it operates. The SALM framework provides insights into the management of liquidity risk. Committee on Sovereign Assets and Liabilities should establish a framework for cash and liquidity management, including a target for a liquidity buffer broken down between individual entities.

Subject: Financial statements, Foreign exchange, Government asset and liability management, Government debt management, International organization, Monetary policy, Public debt, Public financial management (PFM)

Keywords: Balance sheet composition, Balance sheet dollarization, Banco de Costa Rica, BCCR balance sheet, Financial statements, Global, Government asset and liability management, Government debt management, SALM framework

Publication Details

  • Pages:

    31

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2023/213

  • Stock No:

    1CRIEA2023002

  • ISBN:

    9798400245510

  • ISSN:

    1934-7685

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