{
  "title": "Colombia: Request for Augmentation of Access Under the Flexible Credit Line Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Colombia",
  "publication": "IMF Staff Country Reports, September 25, 2020",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2020/09/25/colombia-request-for-augmentation-of-access-under-the-flexible-credit-line-arrangement-press-49780",
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  "summary": "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 rec",
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      "heading": "Summary",
      "content": "- The current FCL arrangement for Colombia was approved in May 2020.\n- 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.\n- Publication date: September 25, 2020."
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      "heading": "Key findings and focus areas",
      "content": "- Emphasis on Colombia’s policy frameworks:\n  - flexible exchange rate\n  - credible inflation-targeting regime\n  - effective financial sector supervision and regulation\n  - structural fiscal rule\n- Noted role of very strong policy implementation in underpinning resilience before the Covid-19 pandemic."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Balance of payments, Balance of payments need, COVID-19, Credit, Economic sectors, External debt, Health, Money, Public debt, Public sector\n- 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\n\n---\n\n Content in this bundle\n\n- 1colea2020004\n  - 1colea2020004 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1colea2020004 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: September 25, 2020",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513557823.002",
    "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.",
    "Publication date: September 25, 2020.",
    "Emphasis on Colombia’s policy frameworks:",
    "Noted role of very strong policy implementation in underpinning resilience before 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",
    "**1colea2020004**"
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