Colombia: Review Under the Flexible Credit Line Arrangement--Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Colombia
September 20, 2012
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Colombia’s very strong track record of macroeconomic policy management, underpinned by robust fiscal and monetary policy frameworks, has reduced vulnerabilities in recent years and helped weather the global financial crisis. The authorities’ policy focus has shifted from supporting the recovery through appropriate countercyclical measures to rebuilding policy buffers through fiscal consolidation, the normalization of monetary policy, and a strengthening of the reserve position.
Subject: Balance of payments, Current account deficits, Economic sectors, External debt, Foreign direct investment, Public debt, Public sector
Keywords: CR, Current account deficits, Executive Board discussion, FCL arrangement, FCL resource, floating exchange rate regime, Foreign direct investment, Global, inflation expectation, ISCR, Public sector, regime, sound policy track records
Pages:
33
Volume:
2012
DOI:
Issue:
274
Series:
Country Report No. 2012/274
Stock No:
1COLEA2012001
ISBN:
9781475510652
ISSN:
1934-7685
