IMF Staff Country Reports

Colombia: Selected Issues Paper

Publication Date:

June 23, 2014

Electronic Access:

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Summary:

This Selected Issues paper analyzes spillover risks for Colombia. It highlights that external shocks could spill over to the Colombian economy through the country’s important and growing trade and financial linkages with the rest of the world. Colombia would be most exposed to a decline in oil prices, which could have a sizable adverse impact on the balance of payments, the fiscal accounts and growth. Growth shocks in key trading partners could also have a negative impact, particularly in the United States, which is Colombia’s main trading partner. Colombia’s fiscal rule and adjustment in the context of resource wealth is also analyzed.

Series:

Country Report No. 2014/167

Subject:

Banking Credit Economic sectors Financial inclusion Financial markets Fiscal policy Fiscal stance Foreign exchange Manufacturing Money Real effective exchange rates