European Parliament Library

Costa Rica :, Ex Post Evaluation of Exceptional Access Under the 2009 Stand-By Arrangement

Abstract
This report reviews Costa Rica’s performance under the Stand-By Arrangement. At the time of the global crisis, Costa Rica’s macroeconomic policy framework was constraining policy options. The financial program’s design was consistent with its policies and objectives. Structural reforms during the program period were slow, and fiscal risk increased. The program’s design reflected the challenges and priorities that Costa Rica faced at that time, as well as policy constraints. Program conditionality focused on maintaining sufficient buffers in the form of foreign exchange reserves
Table Of Contents
Cover; Contents; I. Introduction and Summary; II. Economic Context; Figures; 1. Costa Rica and CAPDR Growth (y/y); Tables; 1. Costa Rica: Selected Economic Indicators, 2003-10; 2. Costa Rica: Selected Economic Indicators, 2006-10; 2. Costa Rica: Daily Exchange Rates (Colones per US); III. Why Did the Authorities Request a Program?; IV. Program Ownership and Design; A. Ownership; B. Macroeconomic and Financial Policy Design; C. Conditionality; V. Program Financing and Exceptional Access Policy; 3. Costa Rica: Potential Liquidity Drains and Buffers; 3. Costa Rica: Selected Countries: Access
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (29 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9780146236075

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