## Colombia: First Review Under the Stand-By Arrangement

_IMF Staff Country Reports, June 23, 2003_

## Source details

**Canonical URL:** [Colombia: First Review Under the Stand-By Arrangement](https://www.imf.org/en/publications/cr/issues/2016/12/30/colombia-first-review-under-the-stand-by-arrangement-16658)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/30/colombia-first-review-under-the-stand-by-arrangement-16658/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/30/colombia-first-review-under-the-stand-by-arrangement-16658/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/30/colombia-first-review-under-the-stand-by-arrangement-16658/bundle-manifest.json)

## Bibliographic details
- Authors: Arrangement This
- Published: June 23, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451808841.002

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### Overview and main findings
- This paper examines the First Review Under the Stand-By Arrangement for Colombia.
- Under the authorities’ program, economic performance has been mostly favorable.
- Real economic growth appears to be recovering, led by a pickup in domestic demand that outweighed a decline in net exports.
- Inflation has remained above the program target.
- Since late February, the currency has appreciated, responding partly to a sharp decline in the country risk premium.
- The program is on track and the authorities have reiterated their full commitment to achieving the main elements of the program’s macroeconomic framework.

### Thematic coverage
- Subject areas covered: Economic sectors, Expenditure, External debt, Fiscal policy, Pension spending, Public debt, Public sector.
- Keywords included in the source: Colombia's Stand-By Arrangement, CR, deficit, economic reform, economic reform program, executive board review, executive board review of Colombia, Global, government, ISCR, Pension spending, policy implementation, Public sector, SBA program.

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/30/colombia-first-review-under-the-stand-by-arrangement-16658_