{
  "title": "Colombia: Third Review Under the Extended Arrangement",
  "publication": "IMF Staff Country Reports, February 7, 2002",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/30/colombia-third-review-under-the-extended-arrangement-15630",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2016/12/30/colombia-third-review-under-the-extended-arrangement-15630",
  "overlayPath": "/en/publications/cr/issues/2016/12/30/colombia-third-review-under-the-extended-arrangement-15630/index.md",
  "summary": "This paper examines the Third Review Under the Extended Arrangement for Colombia. Considerable macroeconomic stabilization has been achieved under the program.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- Examines the Third Review Under the Extended Arrangement for Colombia.\n- Considerable macroeconomic stabilization has been achieved under the program.\n- Achievements cited:\n  - Inflation has been reduced.\n  - Fiscal consolidation has advanced.\n  - The exchange market has remained orderly.\n  - Significant structural reforms have been implemented, albeit with some slippages.\n- The 2002 program calls for:\n  - A reduction in inflation to 6 percent.\n  - Maintenance of a strong external position.\n  - A further strengthening of the public finances to gain better control over the public debt dynamics and help lay the ground for a robust recovery of activity in the private sector."
    },
    {
      "heading": "Macroeconomic findings and policy orientation",
      "content": "- Findings:\n  - Inflation reduction (target specified as 6 percent).\n  - Fiscal consolidation progress noted.\n  - Orderly foreign exchange market conditions.\n  - Structural reforms implemented, with some slippages.\n- Policy emphasis:\n  - Strengthen public finances to control public debt dynamics.\n  - Support conditions for a robust recovery of private sector activity.\n  - Maintain a strong external position."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Central banks, Credit, Economic sectors, External debt, International reserves, Money, Pension reform, Public debt, Public sector\n- Keywords: auctions of option, country faces challenge, CR, Credit, fiscal consolidation process need, fiscal policy recommendation, foreign exchange, Global, International reserves, ISCR, Public sector, reform effort, South America, staff appraisal\n\n---\n\n Content in this bundle\n\n- cr0215\n  - cr0215 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr0215 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2016/12/30/colombia-third-review-under-the-extended-arrangement-15630/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2016/12/30/colombia-third-review-under-the-extended-arrangement-15630/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2016/12/30/colombia-third-review-under-the-extended-arrangement-15630/bundle-manifest.json)",
    "Published: February 7, 2002",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451808766.002",
    "Examines the Third Review Under the Extended Arrangement for Colombia.",
    "Considerable macroeconomic stabilization has been achieved under the program.",
    "Achievements cited:",
    "The 2002 program calls for:",
    "Findings:",
    "Policy emphasis:",
    "Subject: Central banks, Credit, Economic sectors, External debt, International reserves, Money, Pension reform, Public debt, Public sector",
    "Keywords: auctions of option, country faces challenge, CR, Credit, fiscal consolidation process need, fiscal policy recommendation, foreign exchange, Global, International reserves, ISCR, Public sector, reform effort, South America, staff appraisal",
    "**_cr0215**"
  ],
  "related": [
    {
      "title": "_cr0215",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2002/_cr0215.pdf",
      "summary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2002/_cr0215.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2002/_cr0215.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2016/12/30/colombia-third-review-under-the-extended-arrangement-15630/index.md",
    "json": "/en/publications/cr/issues/2016/12/30/colombia-third-review-under-the-extended-arrangement-15630/index.json",
    "bundleManifest": "/en/publications/cr/issues/2016/12/30/colombia-third-review-under-the-extended-arrangement-15630/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-13T15:10:30.016Z"
}