2020 Annual Plan
The Annual Institutional Operational Plan contains the most important goals defined for the 2020 budget period, whose achievement will permit the fulfillment of institutional objectives.
Program 01. Formulation of monetary and exchange policy:
Description of goals
| Regular budget (millions of colones)
|
1. Achieve 100% progress in the economic research agenda in 2020.
2. Execute 100% of scheduled tasks in 2020 to carry out a study that allows identifying administrative records with information which is relevant for the construction of economic indicators.
3. Execute 100% of the programmed tasks in 2020 to prepare a framework document on the formulation of monetary policy in Costa Rica.
4. When appropriate, recommend actions in 2020 required for the country to maintain a level of net international reserves in accordance with its needs, to prevent a balance of payments crisis.
5. Carry out 100% of scheduled tasks in 2020 necessary to identify sources of information of the Economic Division and the level of digitization for the transfer of information from those sources.
| 11.150,16
|
Program 02. Implementation of monetary and exchange policy
Description of goals
| Regular budget (millions of colones)
|
1. Carry out 100% of the tasks specified to identify market, operational or organizational aspects that explain why participants in the Integrated Liquidity Market use permanent facilities, and implement corrective measures before the end of 2020.
2. Obtain, by the end of 2020, a return on available international reserves greater than the return on the approved Strategic Allocation.
3. Carry out Open Market Operations (OMO) at market or more favorable prices during 2020.
| 318.781,02
|
Program 03. Payment System
Description of goals
| Regular budget (millions of colones)
|
1. Achieve a volume of 69.1 million transactions in Sinpe’s fund transfer services during 2020.
2. Conclude, during 2020, 100% of the tasks related to the self-assessment of compliance with the Principles for Financial Market Infrastructures applicable in the National Book-entry System (whose acronym in Spanish is SAC) of Sinpe.
| 10.678,45
|
In addition,
the Central Bank of Costa Rica has Program 04 for Institutional Support, and
Program 05 for Supervision and Regulation.
Program 04. Institutional Support
Description of goals
| Regular budget (millions of colones) |
The institutional support program includes goals for Technological, Administrative, Communications, Management and Development, Finance and Accounting, Financial Stability, and Legal Counsel services, as well as for the General Secretariat and for the Internal Audit Department | 53.034,81 |
Program 05. Supervision and Regulation
Description of goals
| Regular budget (millions of colones)
|
Supervision and regulation of transfers made to Fully Autonomous Bodies.
| 33.990,80
|
Evaluation of results
The report on management of the Central Bank of Costa Rica includes the results obtained during a specified period, related to the achievement of objectives, goals and projects, including budget execution,
as well as financial results.