Colombia: Request for Augmentation of Access Under the Flexible Credit Line Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Colombia

September 25, 2020

Summary

The current FCL arrangement for Colombia was approved in May 2020. Colombia was cited for its very strong policy frameworks—anchored by a flexible exchange rate, a credible inflation-targeting regime, effective financial sector supervision and regulation, and a structural fiscal rule—and a track record of very strong policy implementation that served as a basis for the economy’s resilience prior to the Covid-19 pandemic.

Subject: Balance of payments, Balance of payments need, COVID-19, Credit, Economic sectors, External debt, Health, Money, Public debt, Public sector

Keywords: arrangement, augmentation request, Balance of payments need, COVID-19, CR, Credit, fcl arrangement, FCL arrangement, fcl augmentation, FCL instrument, Global, inflation expectation, ISCR, liquidity provision, Public sector, SDR

Pages:
76
Volume:
2020
DOI:
https://doi.org/10.5089/9781513557823.002
Issue:
284
Series:
Country Report No. 2020/284
Stock No:
1COLEA2020004
ISBN:
9781513557823
ISSN:
1934-7685

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