Colombia: Arrangement Under the Flexible Credit Line: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Colombia

May 19, 2009

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Format: Chicago

Colombia: Arrangement Under the Flexible Credit Line: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Colombia, (USA: International Monetary Fund, 2009) accessed September 20, 2024

Summary

This paper discusses an arrangement under the Flexible Credit Line (FCL) for Colombia. Colombia is well placed to confront challenges posed by the ongoing global downturn. Access under an FCL arrangement of SDR 6.966 billion, which the authorities intend to treat as precautionary, would support Colombia’s policy framework and strategy, while reducing the likelihood of balance of payments pressures stemming from a change in investor sentiment. IMF staff believes that Colombia fully meets the FCL qualification criteria, and recommends approval of the arrangement.

Subject: Credit, Debt service, Economic sectors, External debt, Money, Public debt, Public sector

Keywords: Colombia, CR, Credit, Credit to Colombia, Debt service, FCL arrangement, Fund arrangement, Global, IMF's FCL, Inflation expectation, ISCR, Public sector, Regime

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/153
Stock No:

1COLEA2009003
ISBN:

9781451808971
ISSN:

1934-7685

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