IMF Staff Country Reports

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

August 2, 2011

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Colombia: 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Colombia, (USA: International Monetary Fund, 2011) accessed September 19, 2024

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.

Subject: Economic sectors, Energy subsidies, Expenditure, External debt, Public debt, Public sector

Keywords: Colombian authorities, CR, Deficit, Energy subsidies, Exchange regime, GDP, Global, Government, Inflation expectation, Inflation pressure, ISCR, Labor market informality, Public sector

Publication Details

  • Pages:

    64

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2011/224

  • Stock No:

    1COLEA2011002

  • ISBN:

    9781462341559

  • ISSN:

    1934-7685