European Parliament Library

Costa Rica :, Request for Stand-By Arrangement: Staff Report; Staff Supplement and Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Costa Rica

This paper discusses the request from Costa Rica for a Stand-By Arrangement (SBA). The program seeks to enable an orderly adjustment of the Costa Rican economy to an adverse external environment, while mitigating its adverse effects on growth and household incomes. To strengthen the external position, the authorities have tightened monetary conditions and increased exchange rate flexibility. Fiscal policy will be geared toward mitigating the impact of the adjustment on domestic activity and the most vulnerable population. IMF financial support is intended to bolster investor confidence in the authorities’ policy framework
Table Of Contents
Cover; Contents; I. Background and Recent Developments; Boxes; Box 1. Exchange Rate Developments; II. The Economic Program for 2009; A. Objectives and Strategy; B. Macroeconomic Framework; C. Monetary and Exchange Rate Policies; Box 2. Real Exchange Rate Assessment; D. Fiscal Policy; E. Financial Sector Policies; III. Program Modalities; A. Access; B. Monitoring and Conditionality; C. Capacity to Repay the Fund and Risks to the Program; D. Statistics; E. Safeguards Assessment; Box 3. Exceptional Access Criteria; IV. Staff Appraisal; Figures; 1. Real Sector Developments
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (83 p.)
Specific Material Designation
Form Of Item

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