[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-108275-en":3,"doc-seo-108275-105":30,"detail-sidebar-cat-0-en-105":92},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":13,"seo_description":14,"update_tm":28,"read_time":29},108275,8796095360427,"Lucas Martin","https://ap-avatar.wpscdn.com/davatar_994ba38a5ba835b3df7d355c54d3ed8d",8,"Research & Report","Costa Rica - Financial Sector Assessment - October 2022","Costa Rica Financial Sector Assessment (October 2022) summarizes the main results of a World Bank FSAP mission conducted in 2022, updating findings from the 2008 program. The report identifies key vulnerabilities across the financial system and examines macro-financial conditions, financial inclusion and access, and household (over)indebtedness. It reviews the financial sector oversight framework, including banking supervision and regulation, climate and environmental risk management, and outlines priorities for development such as state roles, consumer protection, capital market development, and greening the financial sector.","Public Disclosure Authorized Public Disclosure Authorized  \nFOR OFFICIAL USE ONLY  \nCOSTA RICA  \nFINANCIAL SECTOR ASSESSMENT  \nOctober 2022  \nPrepared By  \nFinance, Competitiveness, and Innovation Global Practice and  \nLatin America and Caribbean Regional Vice Presidency  \nA World Bank mission visited Costa Rica from July 5 to July 21, 2022, to update the findings of the Financial Sector Assessment Program (FSAP) conducted in 2008. This report summarizes the main findings of the mission, identifies key financial sector vulnerabilities, and provides policy recommendations.  \nCONTENTS  \nCONTENTS ................................................................................................................................................................................. 2  \nPreface ......................................................................................................................................................................................... 3  \nGlossary ....................................................................................................................................................................................... 4  \nExecutive Summary ................................................................................................................................................................. 5  \nMacrofinancial Context........................................................................................................................................................ 11  \nA. Macro-financial Setting............................................................................................................................................. 11  \nB. Financial System Structure ....................................................................................................................................... 12  \nC. Financial Sector Conditions and Vulnerabilities .............................................................................................. 15  \nD. Financial Inclusion, Access, and Household (Over)Indebtedness.............................................................19  \nFinancial sector oversight Framework ...........................................................................................................................22  \nA. Financial Sector Oversight Architecture .............................................................................................................22  \nB. Banking Supervision and Regulation ...................................................................................................................22  \nC. Climate and Environmental Risk Management ...............................................................................................26  \nPriorities for Financial Sector development.................................................................................................................28  \nA. Role of the State in the Financial Sector ............................................................................................................28  \nB. HH Indebtedness and Consumer Protection ....................................................................................................35  \nC. Capital Market Development..................................................................................................................................39  \nD. Greening the Financial Sector ................................................................................................................................41  \nANNEX .......................................................................................................................................................................................44  \nPREFACE  \nA World Bank team visited Cost Rica during Jul 5-15 to conduct an assessment under the Financial Sector Assessment Program (FSAP). The team was led by Mariano Cortes (Mission Chief) and Oliver Masetti (Deput","cbCaiqoT5xOOXsuz","https://ap.wps.com/l/cbCaiqoT5xOOXsuz","pdf",704154,6,1,45,"English","en",105,"# Executive Summary\n## Macrofinancial Context\n## Financial sector oversight Framework\n## Priorities for Financial Sector development\n# ANNEX","[{\"question\":\"What is the purpose of the Costa Rica Financial Sector Assessment report?\",\"answer\":\"It summarizes the main findings of a 2022 FSAP update, identifies key financial sector vulnerabilities, and provides policy recommendations.\"},{\"question\":\"What areas does the assessment cover beyond overall financial vulnerabilities?\",\"answer\":\"It covers macro-financial context, financial system structure, financial inclusion and access, household (over)indebtedness, and priorities for sector development such as capital market development and greening.\"},{\"question\":\"How does the report address financial sector oversight?\",\"answer\":\"It reviews the 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