IMF sounds warning over Costa Rica's rising debt

IMF sounds warning over Costa Rica's rising debt

Economy & Policy Corporate & Sovereign Strategy Debt Capital Markets Bonds Fixed Income Costa Rica Central America US

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

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