Colombia: Staff Report for the 1999 Article IV Consultation
IMF Staff Country Reports, December 29, 1999
Source details
- Canonical URL
- Colombia: Staff Report for the 1999 Article IV Consultation
Other formats
Bibliographic details
- Published: December 29, 1999
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451808797.002
Key economic developments (1999)
- Recession in Colombia intensified in 1999.
- Unemployment rate rose to a record 20 percent in September.
- Inflation fell to 9½ percent.
- Current account deficit came down sharply.
Fiscal position
- Fiscal position deteriorated markedly during the first half of 1999.
- Deterioration largely as a result of weak tax collections and higher outlays on interests, wages, and pensions.
External sector and exchange rate
- Market sentiment toward Colombia remained unfavorable.
- The peso came under repeated pressure.
- On September 27, 1999, the central bank allowed the currency to float.
Publication metadata and scope
- Publication date: December 29, 1999.
- Pages: 62
- Volume: 1999
- Issue: 149
- Series: Country Report No. 1999/149
- DOI: https://doi.org/10.5089/9781451808797.002
- Stock No: 1COLEA0021999
- ISBN: 9781451808797
- ISSN: 1934-7685
Subjects and keywords
- Subject: Banking, Economic sectors, External debt, Financial sector, Public debt, Public sector, Revenue administration
- Keywords: band system, Colombian authority, CR, expenditure program, Financial sector, Global, government, IMF-sponsored seminar, inflation control, inflation projection, ISCR, NFPS deficit, proceeds, Public sector, rate structure, tax enforcement
Notes included with the Staff Report
- Included with the Staff Report are the text of Public Information Notice No. 99/114--IMF Concludes Article IV Consultation with Colombia and a Statement by Murilo Portugal and R. Junguito, Executive Directors, on December 20, 1999.
International Monetary Fund. "Colombia: Staff Report for the 1999 Article IV Consultation", IMF Staff Country Reports 1999, 149 (1999).