Skip to main content
Emergency Program for Fiscal Strengthening and Restoring Growth
The general objective of the program is to support government measures to preserve macroeconomic stability.

Project Detail

Country

Costa Rica

Project Number

CR-L1148

Approval Date

May 5, 2021

Project Status

Closed

Project Type

Loan Operation

Sector

REFORM / MODERNIZATION OF THE STATE

Subsector

FISCAL POLICY FOR SUSTAINABILITY AND GROWTH

Lending Instrument

Financiamiento Especial para el Desarrollo

Lending Instrument Code

SDL

Modality

SDL_S (Single Tranche SDL)

Facility Type

-

Environmental Classification

Uncategorized Directive B.13

Total Cost

USD 250,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 250,000,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
5264/OC-CR Sovereign Guaranteed USD - United States Dollar Ordinary Capital Emergency Financing
Operation Number 5264/OC-CR
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Emergency Financing

Can’t find a document? Request information

Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-965128629-49119
Emergency Program for Fiscal Strengthening and Restoring Growth.pdf
Published May. 17, 2021
Download
https://www.iadb.org/document.cfm?id=EZSHARE-965128629-49120
Programa de Emergencia para el Fortalecimiento Fiscal y Restaurar el Crecimiento.pdf
Published May. 17, 2021
Download
https://www.iadb.org/document.cfm?id=EZSHARE-2028757003-27
Costa Rica. Loan proposal for the _Emergency Program for Fiscal Strengthening and Restoring Growth”.pdf
Published Apr. 21, 2021
Download
https://www.iadb.org/document.cfm?id=EZSHARE-2028757003-26
Costa Rica. Propuesta de préstamo para el Programa de Emergencia para el Fortalecimiento Fiscal.pdf
Published Apr. 21, 2021
Download
Other Documents
https://www.iadb.org/document.cfm?id=EZSHARE-2028757003-24
EER_1 Carta Política Firmada.pdf
Published Apr. 21, 2021
Download
https://www.iadb.org/document.cfm?id=EZSHARE-2028757003-7
EEO#2 Metas y reformas de política del SAF con Costa Rica.docx
Published Apr. 26, 2021
Download
https://www.iadb.org/document.cfm?id=EZSHARE-2028757003-2
EER_2 CR-L1148 - Matriz de Medios de Verificacion.docx
Published Apr. 21, 2021
Download

Have an Environmental or Social issue related to IDB projects? File a Complaint

Publications
Published 2020
Lending Instruments Report
The 2019-2020 Work Program of the Office of Evaluation and Oversight (OVE) included an assessment of the financial instruments of the Inter-American Development Bank (IDB). The objective of this assessment was to evaluate the extent to which the IDBs set of financial (and non-financial) instruments has been aligned wit hand effective in responding to the (changing) needs of clients. This first report is a knowledge product focused on sovereign-guaranteed (SG) lending instruments and modalities that takes stock of the findings of previous evaluations carried out by OVE. The purpose of the report is threefold: to provide summary information, based on OVEs past work, mainly for new members of the IDBs Board of Directors; to serve as a technical input for Board and Management discussions; and to identify information and knowledge gaps to inform OVEs upcoming work on financial instruments.
Publications
Published 2020
Social Protection and Informality in Latin America during the COVID-19 Pandemic
Latin American governments swiftly implemented income assistance programs to sustain families' livelihoods during COVID-19 stay-at-home orders. This paper analyzes the potential coverage and generosity of these measures and assesses the suitability of current safety nets to deal with unexpected negative income shocks in 10 Latin American countries. The expansion of pre-existing programs (most notably conditional cash transfers and non-contributory pensions) during the COVID-19 crisis was generally insufficient to compensate for the inability to work among the poorest segments of the population. When COVID-19 ad hoc programs are analyzed, the coverage and replacement rates of regular labor income among households in the first quintile of the country's labor income distribution increase substantially. Yet, these programs present substantial coverage challenges among families composed of fundamentally informal workers who are non-poor, but are at a high risk of poverty. These results highlight the limitations of the fragmented nature of social protection systems in the region.
Publications
Published 2021
Inter-American Development Bank Annual Business Review 2020
The 2020 Annual Business Review (ABR) provides an overview of the IDB's performance on sovereign-guaranteed outputs and lending program priorities. The ABR identifies trend deviations from IDB portfolio targets to support Bank managements efforts to identify and implement corrective measures. This edition compiles data for all quarters in 2020.
Publications
Published 2021
Growth Recoveries (from Collapses)
This paper analyzes the behavior of a long list of economic variables during episodes of recovery from an economic collapse. A set of stylized facts is proposed so as to depict what in this work is called \saygrowth recoveries. Through different estimation techniques, it is inferred under which conditions and policies the likelihood of experiencing a growth recovery increases. The results of the paper indicate that collapses tend to occur in countries with high dependence on natural resource rents, macroeconomic mismanagement, low levels of democratic accountability and rule of law and high levels of conflict. Recoveries, on the other hand, tend to be longer than collapses and are more likely to occur in contexts of: improved external conditions, less natural resource rents, balanced fiscal accounts, where the exchange rate corrects but within a more fixed exchange rate regime and a more restricted financial account, and where there are: rebounds in private consumption, increases in international trade and improvements on property rights.
Publications
Published 2021
Domestic Violence Reporting during the COVID-19 Pandemic: Evidence from Latin America
This article examines changes in the frequency and characteristics of domestic violence reports after the start of the pandemic and the imposition of mobility restrictions in six Latin American countries. The study uses three types of data sources: calls to domestic violence hotlines (for the City of Buenos Aires in Argentina, Colombia, and Peru); calls to emergency lines (for Ecuador, Lima in Peru, and Costa Rica); and police/legal complaints (for Colombia, Ecuador, and Uruguay). Data through June 2020 shows that the pandemic's impact on domestic violence reports varied significantly across countries, periods, types of violence, and reporting channels. Calls to domestic violence hotlines soared, but calls to emergency lines and police complaints fell (especially in the first weeks of the pandemic). Significantly distinct patterns are observed between reports of psychological and physical violence, and non-cohabitant and cohabitant violence. These patterns are consistent with the pandemic changing the relative incidence of different types of violence and altering the perceived costs of reporting them through alternative channels. Increases in calls to domestic violence hotlines suggest that this channel was best suited to respond to victims' needs during the pandemic. In turn, the drop in legal complaints and calls to comprehensive emergency lines are consistent with an increase in the perceived (relative) cost of using these channels. The findings reveal how the pandemic altered domestic violence victims' demand for institutional help and highlight the relevance of domestic violence hotlines as an accessible and valuable service.
Publications
Published 2021
Fiscal Impact of PPPs in Latin America and the Caribbean
Os Documentos de Discusso PPP Américas 2021 compem uma série de textos desenvolvidos em preparaço à décima ediço do PPP Américas. O evento é o maior fórum sobre Parcerias Público Privadas (PPP) na América Latina e no Caribe (ALC) e é organizado a cada dois anos pelo Banco Interamericano de Desenvolvimento (BID). Motivados pelo PPP Américas 2021, foram reunidos oito grupos temáticos, com especialistas, profissionais, consultores e acadmicos envolvidos diretamente na preparaço, identificaço, estruturaço e gesto de projetos de infraestrutura no formato de PPPs nos países da regio. Sob coordenaço dos especialistas do BID, os grupos revisaram os mais atuais temas de interesse no mbito das parcerias para infraestrutura econmica e social, com o objetivo de trocar experincias e debater casos de sucesso e liçes aprendidas. Este documento “Impacto Fiscal das PPPs na América Latina e no Caribe”, reúne as principais concluses e recomendaçes discutidas pelo grupo e busca contribuir para a consolidaço de um ambiente de troca de conhecimento sobre infraestrutura e PPPs na regio, oferecendo uma discusso ampliada sobre o impacto fiscal dos projetos de PPP na América Latina e no Caribe.
Publications
Published 2022
Alcohol, Drug Use, and Road Traffic Injuries: A Multi-site Collaborative Study of Emergency Departments in the Dominican Republic and Peru
The objectives of this study are to report demographic and substanceuse characteristics and risk of road traffic injury from alcohol use, cannabis use, and combined use in a sample of emergency department patients from two countries in Latin America and the Caribbean: the Dominican Republic and Peru.
Blogs
Published 2023
Desafíos y oportunidades para fortalecer la institucionalidad fiscal en Chile en la pospandemia
Chile tiene la oportunidad de volver a reformar sus instituciones fiscales, con focos en la eficiencia del gasto, la transparencia y la creación de un nuevo pacto fiscal que permita financiar las demandas sociales de modo responsable, con anclajes robustos y trayectorias sostenibles.
Blogs
Published 2023
Fiscal Rules for a Debt-Plagued Region
With a long history of recurrent and costly debt crises, Latin American governments have long sought to find a way to curb the fiscal deficits that stoke the debt problem. Those efforts gathered steam over the course of the 2000s when numerous governments in the region began adopting fiscal rules, which seek to curb politicians’
Blogs
Published 2023
Fiscal Fatigue in Latin America and the Caribbean: A Growing Threat
During the COVID-19 pandemic, governments in Latin America and the Caribbean spent generously to support families, firms and banks, helping to ease the economic pain but also pushing public debt well above historic levels. Those levels of debt, which stood at 72% of GDP across the region in 2020, create substantial strain on countries in
Powered by FindIT
Jump back to top