Colombia: Review Under the Flexible Credit Line: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Colombia
November 10, 2009
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This paper discusses key findings of the Review Under the Flexible Credit Line (FCL) for Colombia. The FCL arrangement has provided Colombia an additional coverage against adverse external shocks, in the context of strong monetary and fiscal policies. Colombia’s strong institutional and policy frameworks have created the scope to support domestic demand with prudently expansionary macroeconomic policies. The resources from the FCL have helped to bolster confidence in the country’s ability to withstand additional external shocks. In the IMF staff’s view, Colombia continues to fully meet the FCL qualification criteria.
Subject: Economic sectors, External debt, Financial institutions, Financial services, Lines of credit, Public debt, Public sector, Real interest rates
Keywords: balance of payments protection, CR, Executive Board discussion, FCL approval, Global, inflation targeting framework, ISCR, Lines of credit, policy, Public sector, public sector financing, Real interest rates
Pages:
26
Volume:
2009
DOI:
Issue:
312
Series:
Country Report No. 2009/312
Stock No:
1COLEA2009004
ISBN:
9781451808988
ISSN:
1934-7685
