Colombia: Second Review Under the Stand-By Arrangement and Request for Rephasing of Purchases
June 27, 2006
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The economy has performed strongly. The government has lowered the target for the combined public sector deficit. The prospects for sustained growth over the medium term are favorable, in view of the robust growth in nonresidential investment and exports. Fiscal policy will remain on a sustainable path. Key structural reforms will move forward, once the new congress and government take office. The inflation targeting framework has provided a useful anchor for expectations and confidence. The government is developing several reforms to deepen the financial system.
Subject: Economic sectors, External debt, Fiscal policy, Public debt, Public sector, Revenue administration
Keywords: Colombia's request, CPS deficit, CR, Global, intervention rule, ISCR, promotion agency, Public sector, published intervention rule, SDR, staff appraisal
Pages:
63
Volume:
2006
DOI:
Issue:
234
Series:
Country Report No. 2006/234
Stock No:
1COLEA2006001
ISBN:
9781451808896
ISSN:
1934-7685
