Colombia: Staff Report for the 2001 Article TV Consultation and Second Review Under the Extended Arrangement

April 23, 2001

Summary

Colombia's economic performance deteriorated markedly in 1998–99 owing to a combination of external shocks. The main program objectives for 2001 are to achieve a further reduction in inflation to 8 percent, continue the recovery of economic activity, and strengthen the public finances further to support the expansion of activity in the private sector. The structural reform agenda for 2001 calls for considerable action to strengthen the control over expenditure at all levels of the public sector.

Subject: Banking, Economic sectors, External debt, Inflation, Inflation targeting, Monetary policy, Prices, Public debt, Public sector

Keywords: Banco de la Republica, bond issue, CR, deficit, discussion of the review, Euro-denominated bond issue, fund staff estimate, Global, government, government's financing strategy, government's program, Inflation, Inflation targeting, ISCR, Public sector

Pages:
69
Volume:
2001
DOI:
https://doi.org/10.5089/9781451808803.002
Issue:
064
Series:
Country Report No. 2001/064
Stock No:
1COLEA0022001
ISBN:
9781451808803
ISSN:
1934-7685

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