Washington, DC/CMEDIA: The International Monetary Fund (IMF) has decided to close effective mid-October 2025 its Resident Representative Office in San Jose, which has been headed by Mr. Santiago Acosta-Ormaechea.
The office was opened by the IMF in July 2021 to support an enhanced engagement following the Executive Board’s approval of an Extended Fund Facility (EFF) arrangement for Costa Rica in March 2021 and a Resilience and Sustainability Facility (RSF) arrangement in November 2022.
The EFF and RSF arrangements in Costa Rica were successfully completed.in June 2024.
Currently Costa Rica has a two-year Flexible Credit Line (FCL) arrangement, approved in June 2025, by virtue of its very strong economic fundamentals and institutional policy frameworks.
LookIng forward to continuing its close cooperation with Costa Rica primarily through regular bilateral policy consultations and capacity development as with other IMF member countries, the IMF will be led from IMF headquarters in Washington, D.C., as well as through the IMF’s Regional Resident Representative Office for Central America, Panama and the Dominican Republic, based in Guatemala.
Costa Rican authorities are appreciated by The Fund for their warm hospitality and generosity over the years.
