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Fund tells Costa Rica to make currency more flexible

Monday, March 4, 2013

The International Monetary Fund has given Costa Rica a series of recommendations to help the country’s economy.

The Fund wants to allow Costa Rica's currency to move more freely, set an inflation target and take control of public finances.

It also suggested more fiscal reforms which would help the country lower its fiscal deficit and debt, which at the moment stands at 5 percent of the gross domestic product.

Full story (in Spanish)