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Costa Rica: Ex Post Evaluation of Exceptional Access Under the 2009 Stand-By Arrangement

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  • International Monetary Fund

Abstract

This report reviews Costa Rica’s performance under the Stand-By Arrangement. At the time of the global crisis, Costa Rica’s macroeconomic policy framework was constraining policy options. The financial program’s design was consistent with its policies and objectives. Structural reforms during the program period were slow, and fiscal risk increased. The program’s design reflected the challenges and priorities that Costa Rica faced at that time, as well as policy constraints. Program conditionality focused on maintaining sufficient buffers in the form of foreign exchange reserves.

Suggested Citation

  • International Monetary Fund, 2011. "Costa Rica: Ex Post Evaluation of Exceptional Access Under the 2009 Stand-By Arrangement," IMF Staff Country Reports 2011/157, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2011/157
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=25004
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    Cited by:

    1. Cristian, IONESCU, 2014. "The Role Of The Economic And Institutional Framework In Ensuring Financial Stability In Romania, During 2012-2014," Management Strategies Journal, Constantin Brancoveanu University, vol. 26(4), pages 230-242.

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