Weekly Report - 06 March 2025 (WR-25-09)

COSTA RICA | IMF hails fall in public debt. In a statement dated 28 February following an Article IV consultation mission to Costa Rica, the International Monetary Fund (IMF) highlighted that, since 2021, Costa Rica’s public debt has fallen by eight percentage points of GDP to below 60% of GDP. The IMF also hailed the fact that Costa Rica’s GDP growth has averaged “above” 5% since 2021. It attributes these “successes” to “good macroeconomic policies, wide-ranging reforms in the context of becoming a member of the [Organisation for Economic Co-operation and Development] OECD [which Costa Rica joined in 2021], two successfully completed IMF-supported programs, and a strategic focus on exports and economic diversification”.