Costa Rica: Staff Report for the 2006 Article IV Consultation
Volume/Issue:
Volume 2006
Issue 416
Publication date: November 2006
ISBN: 9781451809664
$20.00
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Topics covered in this book
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Business and Economics , Banks and Banking , Exports and Imports , Economics- Macroeconomics , Public Finance , ISCR , CR , annex , exchange rate , rate of exchange rate crawl , monetary policy autonomy , inflation objective , consumer price inflation , reform agenda , Public sector , Commercial banks , Exports , Global , Central America
Summary
Despite the oil price shock, growth has been high. Discussions focused on the policies needed to reduce Costa Rica’s vulnerabilities, enhance growth, and reduce poverty in a lasting way. Passage of a substantial tax reform is essential. To bring inflation down to low single digits, the authorities plan to recapitalize the central bank and move gradually to a more flexible exchange rate regime. This Article IV Consultation provides an important opportunity to take stock of Costa Rica’s achievements and the challenges ahead.
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