Colombia: Third Review Under the Extended Arrangement

February 7, 2002

Preview Citation

Format: Chicago

Colombia: Third Review Under the Extended Arrangement, (USA: International Monetary Fund, 2002) accessed September 20, 2024

Summary

This paper examines the Third Review Under the Extended Arrangement for Colombia. Considerable macroeconomic stabilization has been achieved under the program. Inflation has been reduced, fiscal consolidation has advanced, the exchange market has remained orderly, and significant structural reforms have been implemented, albeit with some slippages. The 2002 program calls for a reduction in inflation to 6 percent, maintenance of a strong external position, and a further strengthening of the public finances to gain better control over the public debt dynamics and help lay the ground for a robust recovery of activity in the private sector.

Subject: Central banks, Credit, Economic sectors, External debt, International reserves, Money, Pension reform, Public debt, Public sector

Keywords: Auctions of option, Country faces challenge, CR, Credit, Fiscal consolidation process need, Fiscal policy recommendation, Foreign exchange, Global, International reserves, ISCR, Public sector, Reform effort, South America, Staff appraisal

Publication Details

Pages:

82
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/015
Stock No:

1COLEA0012002
ISBN:

9781451808766
ISSN:

1934-7685

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