February 26, 2020 |
A team from the International Monetary Fund (IMF) concluded a visit to Costa Rica on Monday and expressed concern over the country's rising debt levels.
Costa Rica's central government debt came to 58.5% of GDP at the end of last year, up from 53.2% at the end of 2018 and double the level from 10 years ago, the IMF said in a statement.
"The large fiscal deficit is the main risk to macroeconomic stability, with debt projected to exceed 60% of GDP in 2020," the IMF said.
Despite passing fiscal ref
Fiscal deficit reaches its highest level in three decades, despite reforms passed last year