Colombia: Staff Report for the 2005 Article IV Consultation
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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. The 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 economic growth, a successful recapitalization scheme, and improved supervision.
Series:
Country Report No. 2005/154
Subject:
Economic sectors External debt Inflation Inflation targeting Monetary policy Prices Public debt Public sector
English
Publication Date:
May 9, 2005
ISBN/ISSN:
9781451808865/1934-7685
Stock No:
1COLEA2005001
Pages:
123
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