Colombia: Staff Report for the 2005 Article IV Consultation
May 9, 2005
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This paper discusses Colombia’s 2005 Article IV Consultation, Fourth Review Under the Stand-By Arrangement (SBA), and Requests for Waiver of Nonobservance of Performance Criteria. Real economic growth in Colombia recovered to 4 percent a year in 2003–04. The national unemployment rate declined from 20 percent at end-2000 to 12 percent at end-2004. The health of the financial system continued to improve. The solvency and profitability of the banking system have recovered, reflecting economic growth, a successful recapitalization scheme, and improved supervision.
Subject: Economic sectors, External debt, Inflation, Inflation targeting, Monetary policy, Prices, Public debt, Public sector
Keywords: central bank, CR, deficit, exchange rate, foreign currency, Global, government, government institution, Inflation, inflation expectation, Inflation targeting, ISCR, oil price windfall, opportune intervention, private sector, Public sector, SDR, U.S. dollar
Pages:
123
Volume:
2005
DOI:
Issue:
154
Series:
Country Report No. 2005/154
Stock No:
1COLEA2005001
ISBN:
9781451808865
ISSN:
1934-7685
