Colombia: Third Review Under the Stand-By Arrangement and Request for a Waiver of Nonobservance of Performance Criterion
July 13, 2004
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This paper discusses Colombia Third Review Under the Stand-By Arrangement (SBA) and Request for Waiver of Nonobservance of Performance Criterion. Under the authorities’ program, economic performance has improved considerably. Real GDP rose by 3.7 percent in 2003 and 3.8 percent in the first quarter of 2004, while inflation fell to 5.4 percent year over year in May, lower than expected. Solid export growth, together with improved confidence, has strengthened the external position. Fiscal policy is on track, and almost all structural reforms continue to advance.
Subject: Central banks, Economic sectors, External debt, Fiscal policy, International reserves, Public debt, Public sector, Revenue administration
Keywords: CPS deficit, CR, deficit, demand policy, economic policy cabinet, government, government's ability, inflation-targeting framework, International reserves, ISCR, pension regime, policy track record, Public sector
Pages:
64
Volume:
2004
DOI:
Issue:
199
Series:
Country Report No. 2004/199
Stock No:
1COLEA0022004
ISBN:
9781451808827
ISSN:
1934-7685
