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Costa Rica has embarked over the years on a multi-dimensional reform program agenda, more recently supported by the successful completion of the EFF/RSF arrangements, that is helping reshape Costa Rica’s economy and advance its climate-related reforms. The Central Bank of Costa Rica has in parallel developed a centralized national digital payment system (SINPE) since early 2000s, which is currently used by more than 90 percent of Costa Rica’s population aged 18 and older. This event will first discuss Costa Rica’s achievements under the EFF/RSF programs and its reform agenda going forward. It will then showcase how SINPE has allowed the country to: (i) reduce transaction costs through a secure digital payment system; (ii) improve tax compliance by facilitating invoice payments; (iii) minimize the footprint of cash usage in an economy that is swiftly moving away from cash; and (iv) foster financial inclusion. With Roger Madrigal Lopez, President of the Central Bank of Costa Rica