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

IMF Staff Country Reports, September 25, 2020

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

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Bibliographic details

• Published: September 25, 2020
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781513557823.002

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.
• Publication date: September 25, 2020.

Key findings and focus areas

• Emphasis on Colombia’s policy frameworks:
  • flexible exchange rate
  • credible inflation-targeting regime
  • effective financial sector supervision and regulation
  • structural fiscal rule
• Noted role of very strong policy implementation in underpinning resilience before the Covid-19 pandemic.

Subjects and keywords

• 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

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