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Costa Rica : 2014 article IV consultation: staff report: press release: staff statement: and statement by the Executive Director for Costa Rica.

Author: International Monetary Fund.
Publisher: Washington, D.C. : International Monetary Fund, ©2015.
Series: IMF country report, no. 15/29.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Summary:
The economy recovered quickly from the global crisis of 2008--09, with healthy growth and low inflation. Growth has, however, slowed recently and is expected to remain subdued in the short run, since gains from recovery in the U.S. will be offset by the closure of the Intel manufacturing plant. Inflation is elevated, owing primarily to exchange rate (XR) depreciation triggered by global repricing of emerging market  Read more...
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Genre/Form: Electronic books
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: International Monetary Fund.
ISBN: 1484337905 9781484337905
ISSN:1934-7685
OCLC Number: 903048471
Notes: "February 2015."
"January 9, 2015"--Page 2 of pdf.
Description: 1 online resource (87 pages) : color illustrations.
Contents: Cover; CONTENTS; OVERVIEW; RECENT ECONOMIC DEVELOPMENTS AND OUTLOOK; A. Recent Developments; BOX; 1. External Stability Assessment; B. Macroeconomic Outlook and Risks; POLICY DISCUSSIONS; A. Near-term Policy Mix; B. Safeguarding Fiscal Sustainability; FIGURES; 1. Long-Term Fiscal Sustainability; C. Improving the Monetary and Exchange Rate Policy Framework; TABLES; 1. Extent of Preparedness for Transitioning to Greater Exchange Rate Flexibility; D. Financial Stability; E. Structural Reforms; STAFF APPRAISAL; 2. Recent Developments and Prospects, Real Sector. 3. Recent Developments, Nominal Exchange Rate and Inflation4. Recent Developments, External Sector; 5. Recent Developments and Prospects, Fiscal Sector; 6. Recent Developments, Financial Sector; 7. The Impact of U.S. Monetary Policy Normalization; 8. Labor Market Structure and Inclusive Growth Potential; 2a. Selected Social and Economic Indicators, Baseline Scenario, Partial Fiscal Adjustment; 2b. Selected Social and Economic Indicators, Full Fiscal Adjustment Scenario; 3. Balance of Payments, Baseline Scenario, Partial Fiscal Adjustment. 4a. Central Government Balance, Baseline Scenario, Partial Fiscal Adjustment4b. Central Government Balance, Full Fiscal Adjustment Scenario; 5a. Summary Operations of the Central Government, GFSM 2001 Classification, Baseline Scenario, Partial Fiscal Adjustment; 5b. Summary Operations of the Central Government, GFSM 2001 Classification, Full Fiscal Adjustment Scenario; 6a. Consolidated Public Sector Operations, Baseline Scenario, Partial Fiscal Adjustment; 6b. Consolidated Public Sector Operations, Full Fiscal Adjustment Scenario. 7a. Summary Operations of the Consolidated Public Sector, GFSM 2001 Classification, Baseline Scenario, Partial Fiscal Adjustment7b. Summary Operations of the Consolidated Public Sector, GFSM 2001 Classification, Full Fiscal Adjustment Scenario; 8. Public Sector Debt, Baseline Scenario, Partial Fiscal Adjustment; 9. Monetary Survey, Baseline Scenario, Partial Fiscal Adjustment; 10a. Medium-Term Framework, Baseline Scenario, Partial Fiscal Adjustment; 10b. Medium-Term Framework, Full Fiscal Adjustment Scenario; 11. Banking Sector Indicators; ANNEXES. I. Financial System Assessment Program (FSAP) Main Pending Recommendations (2008)II. Public Debt Sustainability Analysis; III. External Debt Sustainability Assessment; APPENDIX; I. Press Release; CONTENTS; FUND RELATIONS; PAST FUND STAFF RECOMMENDATIONS AND IMPLEMENTATION; RELATIONS WITH THE WORLD BANK AND BANK-FUND COLLABORATION UNDER THE JOINT MANAGEMENT ACTION PLAN (JMAP); RELATIONS WITH THE INTER-AMERICAN DEVELOPMENT BANK; STATISTICAL ISSUES.
Series Title: IMF country report, no. 15/29.
Other Titles: Costa Rica, 2014 article IV consultation

Abstract:

The economy recovered quickly from the global crisis of 2008--09, with healthy growth and low inflation. Growth has, however, slowed recently and is expected to remain subdued in the short run, since gains from recovery in the U.S. will be offset by the closure of the Intel manufacturing plant. Inflation is elevated, owing primarily to exchange rate (XR) depreciation triggered by global repricing of emerging market assets in early 2014. Risks to the outlook are tilted to the downside. Absent consolidation, large fiscal deficits would make public debt dynamics unsustainable in the long-run.

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