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Costa Rica: Recent Economic Developments
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 1995: Issue 002
Language:
English
Publication Date:
23 Jan 1995
DOI:
https://doi.org/10.5089/9781451809565.002
ISBN:
9781451809565
ISSN:
1934-7685
Pages:
73
Keywords:
ISCR; CR; government; market; proceeds; wage bill; managed float; exchange rate; central government; foreign exchange; crawling peg; balance of payments; private sector; capital market; banking system; monetary policy; Public sector; Exports; Tariffs; Central America
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This paper analyzes economic developments in Costa Rica during the 1990s. The paper highlights that the government of Costa Rica initiated an economic program for 1991–92 aimed at lowering inflation, strengthening the balance of payments, and setting the stage for sustained economic growth. These objectives were to be achieved through restrained financial policies, an exchange rate policy aimed at maintaining export competitiveness, and liberalization of prices, international trade, and the exchange system. The reduction in the combined public sector deficit in 1991 was accompanied by a tightening of monetary policy.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund