Costa Rica and The World Bank Strengthen Fiscal Management and Job Creation
Costa Rica, Sept. 30 -- The World Bank's Executive Board approved a loan to support the Government of Costa Rica's efforts to improve the efficiency of fiscal management, as well as to promote sustainable economic activities that generate new jobs and improve job quality, especially in rural and coastal communities. Regarding fiscal management, the "First Costa Rica Fiscal Management and Green Growth Development Policy Loan " emphasizes improvements in tax collection, public spending efficiency, and debt management. Optimization of tax collection will be pursued through steps that include better management of exemptions for a more equitable tax policy. Public spending efficiency will be strengthened by implementing Results-Based Budgeting. ...
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