Colombia: 2007 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
January 28, 2008
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Colombia’s economic performance has been strong, aided by sound economic policies. Structural reforms and prudent macroeconomic policy management has contributed to higher economic growth and lower inflation. Executive Directors commended the economic strategy, which has increased economic growth and international reserves and reduced unemployment and public debt ratio. Directors emphasized the need for tightening the monetary policy stance and a strong fiscal policy to achieve a “soft landing” from economic boom.. They commended the countercyclical provisioning in the banking system, and emphasized the importance of a comprehensive tax reform.
Subject: Balance of payments, Current account balance, Current account deficits, Economic sectors, External debt, Public debt, Public sector
Keywords: approval, CR, Current account balance, Current account deficits, excess demand, fund approval, Global, inflation objective, ISCR, longer-term inflation target, monetary policy stance, nonresident profit, profit, public debt debt ratio, Public sector, restriction, retention
Pages:
56
Volume:
2008
DOI:
Issue:
031
Series:
Country Report No. 2008/031
Stock No:
1COLEA2008001
ISBN:
9781451808933
ISSN:
1934-7685
