Colombia: 2012 Article IV Consultation
February 4, 2013
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Colombia’s economy has been resilient to the adverse global shocks of recent years. Inflation has been subdued, credit growth has eased, and financial soundness indicators are strong. The strong balance of payments continues to put upward pressure on the Colombian peso. In 2013, growth is expected to rise and inflation to remain on target. Short-term risks to the outlook continue to be tilted to the downside. The central bank’s intervention policy is geared at containing exchange rate volatility and strengthening external buffers.
Subject: Economic sectors, Energy subsidies, Expenditure, External debt, Fiscal policy, Fiscal stance, Public debt, Public sector
Keywords: core inflation, CR, credit institution, deficit, Energy subsidies, equity tax, Fiscal stance, Global, ISCR, portfolio, Public sector, rate, staff appraisal, staff report projection, staff report's projection
Pages:
73
Volume:
2013
DOI:
Issue:
035
Series:
Country Report No. 2013/035
Stock No:
1COLEA2013001
ISBN:
9781475573916
ISSN:
1934-7685
