Costa Rica urgently needs a tax reform, International Monetary Fund says

Concluding its mission to Costa Rica, the International Monetary Fund has said that the medium term economic outlook is broadly positive, and that tax reform is key to securing a higher revenue base. The mission concluded that private consumption led a recovery in economic activity, with inflation remaining within official targets.

The current account deficit widened, but, according to the IMF, this was comfortably financed by large foreign direct investment and private capital inflows.

Original source: TaxNews.com