Colombia: Selected Issues
November 10, 2006
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In recent years, Colombia has found several innovative ways to improve the efficiency of its public enterprise sector. One option used by Colombia to reform public enterprises has been to enhance their commercial orientation and limit the fiscal risk. If a public enterprise is considered commercially run, it could be removed from the country’s fiscal indicators and targets. This paper presents the IMF staff’s evaluation of these two enterprises. It also discusses the commercial orientation and fiscal risk of Isagen and Ecopetrol, respectively.
Subject: Currencies, Exchange rate risk, Financial regulation and supervision, Foreign exchange, Hedging, Inflation, Money, Prices, Real exchange rates
Keywords: Australia and New Zealand, Central America, commodity price, company plan, CR, Currencies, currency, East Asia, Exchange rate risk, firm, GDP, government intervention, Hedging, Inflation, inflation-targeting framework, ISCR, pension system, real exchange rate, Real exchange rates, run enterprise
Pages:
75
Volume:
2006
DOI:
Issue:
401
Series:
Country Report No. 2006/401
Stock No:
1COLEA2006003
ISBN:
9781451808919
ISSN:
1934-7685
