Colombia: Review Under the Flexible Credit Line Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Colombia
IMF Staff Country Reports, May 4, 2021
Source details
- Canonical URL
- Colombia: Review Under the Flexible Credit Line Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Colombia
Other formats
Bibliographic details
- Published: May 4, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513572932.002
COVID-19 impact and social costs
- COVID-19 has taken a severe toll on Colombia’s society and economy — including over 60,000 deaths and over 5 million jobs temporarily lost in Colombia’s largest recession on record.
- Services continue to be weak despite early signs of recovery in other sectors.
Economic performance and recovery prospects
- A gradual but uneven recovery is underway, led by private domestic demand and manufacturing.
- Economic activity is not expected to return to pre-pandemic levels until the end of 2022.
- Before the pandemic the economy had remained resilient owing to very strong policy frameworks.
Key themes and policy areas covered
- Subject areas: COVID-19, External debt, Financial institutions, Fiscal policy, Health, International organization, Lines of credit, Monetary policy, Public debt
- Keywords highlighted: balance effect, COVID-19, FCL arrangement, FCL resource, Global, increase rollover risk, Lines of credit, reform proposal
Document identifiers and publication notes
- Pages: 48
- Volume: 2021
- Issue: 087
- Series: Country Report No. 2021/087
- DOI: https://doi.org/10.5089/9781513572932.002
- Stock No: 1COLEA2021003
- ISBN: 9781513572932
- ISSN: 1934-7685
- Publication date on landing page: May 4, 2021
International Monetary Fund. Colombia: Review Under the Flexible Credit Line Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Colombia.
Content in this bundle
- Executive Summary