Colombia: Third Review Under the Extended Arrangement
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Summary:
This paper examines the Third Review Under the Extended Arrangement for Colombia. Considerable macroeconomic stabilization has been achieved under the program. Inflation has been reduced, fiscal consolidation has advanced, the exchange market has remained orderly, and significant structural reforms have been implemented, albeit with some slippages. The 2002 program calls for a reduction in inflation to 6 percent, maintenance of a strong external position, and a further strengthening of the public finances to gain better control over the public debt dynamics and help lay the ground for a robust recovery of activity in the private sector.
Series:
Country Report No. 2002/015
Subject:
Central banks Credit Economic sectors External debt International reserves Money Pension reform Public debt Public sector
English
Publication Date:
February 7, 2002
ISBN/ISSN:
9781451808766/1934-7685
Stock No:
1COLEA0012002
Pages:
82
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