Colombia : 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Colombia

Author/Editor:

International Monetary Fund

Publication Date:

August 2, 2011

Electronic Access:

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Summary:

The Colombian economy proved resilient to the global financial crisis, and a solid recovery is under way. The pace of monetary tightening envisaged strikes the right balance between restraining credit growth and mitigating incentives for further capital inflows. A sudden acceleration of domestic demand places an additional burden on monetary policy. Colombia’s financial sector oversight is solid, and plans to strengthen cross-border and consolidated supervision are commended. Steep taxation of labor and a relatively high minimum wage are significant hindrances to competitiveness. Colombia’s exchange restrictions remain unchanged.

Series:

Country Report No. 11/224

Subject:

English

Publication Date:

August 2, 2011

ISBN/ISSN:

9781462341559/1934-7685

Stock No:

1COLEA2011002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

64

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