Five years of institutional building: Costa Rica's transformation from emergency IMF bailout in 2020 to establishing a precautionary credit facility by 2025 tells an interesting story about how solid fundamentals and policy discipline can restore investor confidence. The reforms implemented—fiscal consolidation, structural adjustments, and strengthened governance—created the foundation for this transition. For crypto markets, this case is a reminder that macroeconomic stability at the country level still matters for risk appetite and capital flows. When institutions strengthen, confidence typically follows.