Costa Rica: 2006 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Costa Rica

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International Monetary Fund, Nov 29, 2006 - Business & Economics - 62 pages
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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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Contents

EXECUTIVE SUMMARY
I INTRODUCTION
II RECENT ECONOMIC DEVELOPMENTS
III OUTLOOK AND RISKS
IV POLICY DISCUSSIONS
V STAFF APPRAISAL
APPENDIX I
FUND RELATIONS
ANNEX III THE INTERAmerican DEVELOPMENT BANK RELATIONS WITH COSTA RICA RECENT ACTIVITIES
FUTURE PLANS
STATISTICAL ISSUES
Real sector
Monetary statistics
Balance of payments statistics
Statement by Moises Schwartz Executive Director for Costa Rica and Nina Conrado Senior Advisor to Executive Director October 30 2006
IMF Executive Board Concludes 2006 Article IV Consultation with Costa Rica

ANNEX II WORLD BANK GROUP RELATIONS WITH COSTA RICA

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