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Costa Rica - Country partnership framework for the period FY2016-20 (English)

Costa Rica stands out for being one of the most politically stable, progressive, and prosperous nations in Latin America and the Caribbean (LAC). Political stability and inclusive social policies have contributed to solid growth rates and the modernization of the country. The combination of political stability, the social compact and steady growth, has resulted in one of the lowest poverty rates in LAC. Costa Rica is also a global leader for its environmental policies and accomplishments, which have helped the country to build its Green Trademark. The pioneering payments for environmental services program has been successful in promoting forest and biodiversity conservation and Costa Rica is the only tropical country in the world that has reversed deforestation. Two pressing development challenges stand out: the deteriorating fiscal situation and stubborn inequality. These challenges cut across the fabric of Costa Rica’s development model and affect the basic pillars of development: inclusion, growth, and sustainability. The new government seeks to address these problems and is committed to an inclusive society that guarantees the welfare of its people, supported by transparent and accountable public institutions. The World Bank Group’s (WBG’s) new country partnership framework (CPF) seeks to support Costa Rica’s objectives of reducing constraints to productive inclusion and bolstering fiscal, social, and environmental sustainability.

Details

  • Document Date

    2015/04/23

  • Document Type

    Country Assistance Strategy Document

  • Report Number

    94686

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Costa Rica,

  • Region

    Latin America & Caribbean,

  • Disclosure Date

    2015/05/28

  • Disclosure Status

    Disclosed

  • Doc Name

    Costa Rica - Country partnership framework for the period FY2016-20

  • Keywords

    multilateral investment guarantee agency;Micro, Small and Medium Enterprise;Completion and Learning Review;efficiency of the public sector;real effective exchange rate;Exchange Rates;access to health care;access to basic service;efficiency of public spending;floating exchange rate regime;life expectancy at birth;efficient allocation of resource;quality of health services;Upper Middle Income Countries;social and environmental;fiscal consolidation;human development indicator;public debt;fiscal deficit;primary school enrollment;Access to Electricity;global economic crisis;greenhouse gas emission;change in poverty;global value chain;exchange rate band;foreign exchange market;Labor Market;indigenous population;demand for electricity;public pension system;decline in poverty;increase in inequality;sustainable economic activities;analysis of gender;measure of inequality;complete primary education;employment in agriculture;energy and water;climate change projections;internationally comparable data;capacity building component;public health service;public infrastructure investment;real exchange rate;social assistance program;enforcement of contract;social protection spending;income generating opportunity;human capital accumulation;public sector worker;domestic economic activity;macroeconomic stabilization policy;permanent fiscal expansion;sustainable growth rate;reduction of emission;achievement in education;consumption of fossil;Social Protection Benefits;cost of living;evolution of inequality;disaster risk management;Exchange rate policies;low poverty incidence;access to finance;low poverty rate;extreme poverty line;integrated health care;full-fledged inflation targeting;personal income tax;higher interest rate;exchange rate policy;excessive monetary expansion;public sector debt;management of forest;balance of payment;current account balance;nonfinancial public sector;foreign direct investment;economically active population;open foreign exchange;accountable public institutions;infant mortality rate;Poverty & Inequality;Check and Balances;Universal Health Care;protection of investor;diversification of export;diversified export base;real growth rate;environment for investors;efficiency and quality;health insurance system;politically stable country;costa rican colon;income inequality;social spending;comparative advantage;fiscal situation;social program;international reserve;social policies;social policy;Job Creation;high wage;education outcome;medical device;Higher Education;middle class;tax base;Business Climate;incentive structure;carbon emission;productive opportunities;political stability;opportunity cost;public education;natural hazard;global experience;Gender Gap;debt level;political support;Tax Reform;alternative financing;persistent inequality;treasury account;fiscal rule;results framework;gini coefficient;corrective measure;social context;carbon neutral;unemployment rate;social right;Tax Exemption;tax revenue;fiscal constraint;reservation wage;social security;Wage Bill;business service;electricity cost;health outcome;Indigenous Peoples;gender parity;live birth;

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Citation

Costa Rica - Country partnership framework for the period FY2016-20 (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/363291468179335481/Costa-Rica-Country-partnership-framework-for-the-period-FY2016-20