Report And Recommendation Of The President Of The International Bank For Reconstruction And Development To The Executive Directors On A Proposed Structural Adjustment Loan In An Amount Equivalent To Us 800 Million To The Republic Of Costa Rica

Download or read book Report and Recommendation of the International Bank for Reconstruction and Development to the Executive Directors on a Proposed Structural Adjustment Loan in an Amount Equivalent to US$ 80.0 Million to the Republic of Costa Rica written by World Bank. Office of the President and published by . This book was released on 1985 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Structural Adjustment Loan (SAL) Project will support the Government's Structural Adjustment and Economic Recovery Program. The principal objective of these programs is to promote a vigorous recovery of the economy through renewed export-led growth, with particular emphasis on expanding exports to third markets outside the Central American Common Market (CACM). The main areas covered by the first phase of the Government's medium-term program include: (a) initial changes in the trade regime as part of a process to reduce effective protection and provide increased incentives to exports; and (b) steps to curtail further growth of the public sector and improve the efficiency of public sector institutions and programs. Subsequent phases of the Structural Adjustment Program would concentrate on further reducing effective protection, improving the efficiency of the banking system, and strengthening the policy and incentive framework in agriculture. The loan would finance all imports, with the exception of luxury items and military goods.