Colombia: Staff Report for the 2002 Article IV Consultation and Request for Stand-By Arrangement
January 24, 2003
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This paper examines Colombia’s 2002 Article IV Consultation and Request for Stand-By Arrangement. The economic situation worsened in the first half of 2002. Economic activity has remained sluggish, and the fiscal consolidation has gone off-track. Exacerbated by increased contagion from other countries in the region, concerns about fiscal solvency led to increased pressure on the peso from mid-year and a loss of external market access. Executive Directors have commended the new government’s swift and comprehensive action to face a difficult domestic and external situation.
Subject: Economic sectors, Expenditure, External debt, Income and capital gains taxes, Pension reform, Pension spending, Public debt, Public sector, Taxes
Keywords: Colombian authorities, congress, CR, Global, government, government of president Alvaro Uribe, government's program, IMF Stand-by arrangement, Income and capital gains taxes, ISCR, pension regime, Pension spending, Public sector, reform, South America
Pages:
117
Volume:
2003
DOI:
Issue:
019
Series:
Country Report No. 2003/019
Stock No:
1COLEA0012003
ISBN:
9781451808773
ISSN:
1934-7685
