Colombia: Second Review Under the Stand-By Arrangement and Request for Waiver of Performance Criteria
January 15, 2004
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The program made good progress toward creating the conditions for faster sustained growth over the medium term. The economic policies aim to preserve the program's macroeconomic framework. Fiscal policy is expected to stay on a sustainable path. The central bank has been successful in achieving its inflation target. The proposed target for net international reserves will maintain an adequate reserve cushion. The prospects for sustained growth over the medium term remain favorable, provided the government maintains a strong fiscal policy and advance structural reforms.
Subject: Central banks, Economic sectors, External debt, Fiscal policy, International reserves, Public debt, Public sector
Keywords: CR, decentralization regime, deficit, economic reform program, expenditure freeze, expenditure measure, government, government of Colombia, International reserves, ISCR, Public sector, public sector deficit
Pages:
57
Volume:
2004
DOI:
Issue:
015
Series:
Country Report No. 2004/015
Stock No:
1COLEA0012004
ISBN:
9781451808780
ISSN:
1934-7685
