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

Publication Date: July 05, 2011
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Summary: Colombia’s strong institutional frameworks and sound policy management have underpinned a strong macroeconomic performance and contributed to reducing vulnerabilities. The Colombian economy exhibited great resilience during the global crisis, and the output recovery is well entrenched. The impact on fund finances, risks, and safeguards are discussed. The Colombian authorities viewed that the uncertainties surrounding the external environment remain elevated and that a successor flexible credit line (FCL) arrangement with a duration of two years would provide useful protection against continuing external risks.
Series: Country Report No. 11/162

Publication Date: July 05, 2011
ISBN/ISSN: 9781455291687/1934-7685 Format: Paper
Stock No: 1COLEA2011001 Pages: 46
US$18.00 (Academic Rate:
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