## Colombia: Request for Augmentation of Access Under the Flexible Credit Line Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Colombia

_IMF Staff Country Reports, September 25, 2020_

## Source details

**Canonical URL:** [Colombia: Request for Augmentation of Access Under the Flexible Credit Line Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Colombia](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)

## Other formats

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- [Structured JSON version](/en/publications/cr/issues/2020/09/25/colombia-request-for-augmentation-of-access-under-the-flexible-credit-line-arrangement-press-49780/index.json)
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## Bibliographic details
- Published: September 25, 2020
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513557823.002

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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 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.

### Key findings and focus areas
- Emphasis on Colombia’s policy frameworks:
  - flexible exchange rate
  - credible inflation-targeting regime
  - effective financial sector supervision and regulation
  - structural fiscal rule
- Noted role of very strong policy implementation in underpinning resilience before the Covid-19 pandemic.

### Subjects and keywords
- 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

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- **1colea2020004**
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_Source: 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_