The Annual Institutional Operational Plan contains crucially important goals defined for the 2022 budget period which allow the fulfillment of institutional objectives.
Program 01 Formulation of Monetary and Exchange Policy
| Description of goals | Regular budget (millions of colones) |
- Recommend the necessary policy measures to ensure that, during 2022, the year-on-year change of the CPI falls within the tolerance range defined by the Board of Directors for the inflation target.
- Prepare during 2022, based on the current economic situation, the macroeconomic program and its respective revision, in order to present macroeconomic projections and the proposal of monetary and exchange policy actions, consistent with the achievement of the priority objectives defined by the Board of Directors.
- Recommend in 2022, when circumstances require it, the necessary actions to prevent the country from incurring a balance of payments crisis, so that the level of net international reserves is consistent with the needs of the Costa Rican economy.
- Carry out research in 2022 that allows identifying both appropriate analysis methodologies and relevant information needed to incorporate the implications of climate change in the BCCR's macroeconomic programming.
| 6,254.8 |
Program 02 Implementation of Monetary and Exchange Policy
| Description of goals | Regular budget (millions of colones) |
- Obtain, at the end of 2022, a return on the net international reserves (NIRs) managed by the Assets and Liabilities Division (ALD) greater than the return of the approved Strategic Allocation.
- Carry out Open Market Operations (OMO) at market or more favorable prices, subject to compliance with the amount required for these operations during 2022.
- Adopt the IMF recommendations to promote development of the foreign exchange market according to the schedule defined for 2022.
| 169,253.8
|
Program 03 Payment System
| Description of goals | Regular budget (millions of colones) |
- Process at least 347.4 million transactions in the National Electronic Payments System (Sinpe) by 2022, which is equivalent to 28% growth in the year.
- Process 34.6 million tickets (transactions) during 2022, through the Sinpe-TP service.
| 10,393.1 |
Program 04 Institutional Support
| Description of goals | Regular budget (millions of colones) |
| The institutional support program includes goals for services related to: Communication management, Development of technological solutions, Maintenance of technological solutions, Development and implementation of data security, privacy and protection, Human talent management, Procurement services, Institutional services, Accounting and financial management, Budget management, Institutional planning, Institutional project management, Quality management, Risk management, Document management, Customer service, Legal advice, Technical secretariat services and Auditing services. | 64,318.4 |
Program 05 Supervision and Regulation
| Description of goals | Regular budget (millions of colones) |
| Corresponds to the transfer made to the Fully Autonomous Bodies. | 31,223.3
|
Program 06 Stability and Efficiency of the National Financial System
| Description of goals | Regular budget (millions of colones) |
- Formulate a proposal for measures to maintain financial dollarization of the economy around the level identified as optimal, by December 2022.
- Implement the recommendations of the Network for Greening the Financial System (NGFS) on the analysis of climate change scenarios in the methodologies for credit risk stress tests carried out by the Central Bank, by December 2022.
- Automate and standardize, using PowerBi and R reports, the consultation of at least 70% of the Financial Stability Department monitoring indicators that have been defined as first-stage priorities, by December 2022.
- Implement 100% of the processes that allow the management of the Deposit Guarantee Fund, by December 2022.
- Execute, when required, 100% of the investment strategy of the Guarantee Fund for the year 2022.
| 865.2 |
