European Parliament Library

Costa Rica :, Staff Report for the 2009 Article IV Consultation and First Review Under the Stand-By Arrangement; Press Release and Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Costa Rica

Costa Rica’s economy has been hit hard by the global crisis, but active policies have helped preserve stability and mitigate the negative impact on growth. This 2009 Article IV Consultation highlights that despite the worsening of economic activity, the banking sector has remained sound. Although the nonperforming loan ratio of banks has risen moderately and profitability declined in the first half of 2009, liquidity and solvency indicators remained adequate. Fiscal policy has provided significant support to domestic demand
Table Of Contents
Cover; Contents; I. Recent Developments; Figures; 1. Recent Economic Developments; II. Outlook and Risks; III. Policy Discussions; A. Program Issues; Fiscal policy; Monetary, exchange rate, and financial sector policies; Program modalities; B. Medium-Term Challenges; Resuming fiscal consolidation; Boxes; 1. Previous Article IV Recommendation; 2. General Government Expenditure and Revenue Comparison; Achieving low and stable inflation; Reducing external vulnerabilities; 2. Assessment of Costa Rica's Real Exchange Rate; Strengthening the financial sector; IV. Staff Appraisal; Tables
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (65 p.)
Specific Material Designation
Form Of Item

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