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

Publication Date: August 02, 2011
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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(s): Article IV consultation reports | Bank supervision | Economic indicators | Economic recovery | Labor market reforms | Reserves accumulation | Staff Reports

Publication Date: August 02, 2011
ISBN/ISSN: 9781462341559/1934-7685 Format: Paper
Stock No: 1COLEA2011002 Pages: 64
US$18.00 (Academic Rate:
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