Colombia: Staff Report for the First Review Under the Extended Arrangement
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Summary:
Colombia's economic performance deteriorated markedly in the last half of 1998 and during 1999 under the combined influence of external shocks and a weakening of confidence. In an effort to reverse the deterioration, the authorities developed a multiyear stabilization and reform program based on fiscal consolidation, exchange rate flexibility bank restructuring, and structural reforms. Indications suggested that economic activity in Colombia has been recovering and the IMF-supported extended program remains on track. The IMF staff welcomed the authorities' reaffirmation of the strategies and policies underlying the program.
Series:
Country Report No. 2001/012
Subject:
Economic sectors External debt Monetary base Money Privatization Public debt Public sector
English
Publication Date:
January 11, 2001
ISBN/ISSN:
9781451808759/1934-7685
Stock No:
1COLEA0012001
Pages:
61
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