Costa Rica: Post Financing Assessment-Press Release; and Staff Report

Costa Rica successfully completed its Extended Fund Facility (EFF) and Resilience and Sustainability (RSF) arrangements in June. Growth remains robust, inflation continues to converge to the central bank’s target from below, and international reserves are ample. While one-off revenue shortfalls and expenditures have reduced the primary surplus for 2024, policies remain consistent with the fiscal rule and fiscal consolidation is expected to resume next year. The authorities remain committed to a broad range of reforms, including those aimed at institutionalizing the progress they have achieved under the EFF and RSF programs.