Aided by a 36–month Extended Fund Facility (EFF) in place since March 2021, Costa Rica’s reform efforts toward strong, inclusive, and sustainable growth are showing tangible results. On the public debt management side, the authorities’ commitment includes reforms of the institutional setu�p, strategy, and domestic market development. In parallel, efforts are underway to create a framework for a consolidated management of the state’s assets and liabilities and to reform the functioning of various building blocks of the consolidated public sector balance sheet, such as state-owned enterprises and banks.