IMF agrees on US$527 million financing to Costa Rica
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A TECHNICAL mission from the International Monetary Fund (IMF) agreed to disburse US$527 million to Costa Rica after completing the fourth review of the authorities’ reform program, it said on Friday.
The decision comes as Costa Rican authorities continued to move forward with their comprehensive economic reform program, IMF said in a statement, adding the reforms aim to make the tax system more efficient, fairer and strengthen social protections.
The IMF also said that Costa Rican authorities were moving forward with an “ambitious agenda to green the economy.”
The financial institution also said it sees Costa Rica’s Gross Domestic Product (GDP) growth moderating to 3 per cent in 2023, after growing 4.3 per cent last year. REUTERS
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