European Parliament Library

Costa Rica :, 2011 Article IV Consultation: Staff Report; Informational Annex; Public Information Notice, Press Release, and Statement by the Executive Director

The importance of safeguarding fiscal sustainability is outlined. Steps taken by authorities to improve the tax system are discussed. Implementation of the financial sector assessment program (FSAP) is welcomed. The importance of securing approval of the legislation to enhance consolidated supervision, establish a deposit insurance system, and strengthen the resolution framework is highlighted. The economic program supported by the precautionary Stand-By Arrangement had successfully met its immediate objective of supporting macroeconomic stability at a time of global financial turmoil. The authorities' fiscal program resulted in a gradual decline in the fiscal deficit
Table Of Contents
COVER; CONTENTS; BACKGROUND; RECENT ECONOMIC DEVELOPMENTS; MACROECONOMIC OUTLOOK AND RISKS; POLICY DISCUSSIONS; A. Near-term Policy Mix; B. Safeguarding Fiscal Sustainability; BOXES; 1. Revenue Mobilization Strategy; 2. Risks To Fiscal Sustainability; C. Monetary and Exchange Rate Policies; D. Financial Sector; 3. Main Recommendations of the 2008 FSAP Update - Status; STAFF APPRAISAL; FIGURES; 1. Recent Economic Developments; 2. External Developments; 3. Reserve Coverage in International Perspective; 4. Fiscal Developments; 5. Comparative Financial Soundness Indicators
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (59 p.)
Specific Material Designation
Form Of Item

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