{
  "title": "Colombia: Staff Report for the 2005 Article IV Consultation",
  "publication": "IMF Staff Country Reports, May 9, 2005",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/colombia-staff-report-for-the-2005-article-iv-consultation-18242",
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  "summary": "This paper discusses Colombia’s 2005 Article IV Consultation, Fourth Review Under the Stand-By Arrangement (SBA), and Requests for Waiver of Nonobservance of Performance Criteria. Real economic growth in Colombia recovered to 4 percent a year in 2003–04.",
  "sections": [
    {
      "heading": "Executive summary and macroeconomic outcomes",
      "content": "- Paper covers: 2005 Article IV Consultation, Fourth Review Under the Stand-By Arrangement (SBA), and Requests for Waiver of Nonobservance of Performance Criteria.\n- Real economic growth recovered to 4 percent a year in 2003–04.\n- National unemployment rate declined from 20 percent at end-2000 to 12 percent at end-2004."
    },
    {
      "heading": "Financial sector health and banking system",
      "content": "- The health of the financial system continued to improve.\n- The solvency and profitability of the banking system have recovered, reflecting:\n  - economic growth,\n  - a successful recapitalization scheme,\n  - improved supervision."
    },
    {
      "heading": "Policy themes and areas of focus (as identified in document metadata)",
      "content": "- Economic sectors\n- External debt\n- Inflation\n- Inflation targeting\n- Monetary policy\n- Prices\n- Public debt\n- Public sector"
    },
    {
      "heading": "Keywords and technical terms included in the report",
      "content": "- central bank, CR, deficit, exchange rate, foreign currency, Global, government, government institution, Inflation, inflation expectation, Inflation targeting, ISCR, oil price windfall, opportune intervention, private sector, Public sector, SDR, U.S. dollar\n\n---\n\n Content in this bundle\n\n- cr05154 — IMF Staff Report\n  - cr05154 — IMF Staff Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr05154 — IMF Staff Report (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: May 9, 2005",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451808865.002",
    "Paper covers: 2005 Article IV Consultation, Fourth Review Under the Stand-By Arrangement (SBA), and Requests for Waiver of Nonobservance of Performance Criteria.",
    "Real economic growth recovered to 4 percent a year in 2003–04.",
    "National unemployment rate declined from 20 percent at end-2000 to 12 percent at end-2004.",
    "The health of the financial system continued to improve.",
    "The solvency and profitability of the banking system have recovered, reflecting:",
    "central bank, CR, deficit, exchange rate, foreign currency, Global, government, government institution, Inflation, inflation expectation, Inflation targeting, ISCR, oil price windfall, opportune intervention, private sector, Public sector, SDR, U.S. dollar",
    "**_cr05154 — IMF Staff Report**"
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