Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 82 pages
File Size : 47,8 Mb
Release : 2009-04-29
Category : Business & Economics
ISBN : 9781451809695
Costa Rica by International Monetary Fund Pdf
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.