Colombia: Request for Augmentation of Access Under the Flexible Credit Line Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Colombia
September 25, 2020
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The current FCL arrangement for Colombia was approved in May 2020. Colombia was cited for its very strong policy frameworks—anchored by a flexible exchange rate, a credible inflation-targeting regime, effective financial sector supervision and regulation, and a structural fiscal rule—and a track record of very strong policy implementation that served as a basis for the economy’s resilience prior to the Covid-19 pandemic.
Subject: Balance of payments, Balance of payments need, COVID-19, Credit, Economic sectors, External debt, Health, Money, Public debt, Public sector
Keywords: arrangement, augmentation request, Balance of payments need, COVID-19, CR, Credit, fcl arrangement, FCL arrangement, fcl augmentation, FCL instrument, Global, inflation expectation, ISCR, liquidity provision, Public sector, SDR
Pages:
76
Volume:
2020
DOI:
Issue:
284
Series:
Country Report No. 2020/284
Stock No:
1COLEA2020004
ISBN:
9781513557823
ISSN:
1934-7685
