Colombia: Review Under the Flexible Credit Line Arrangement
June 25, 2014
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This paper discusses Colombia’s Review Under the Flexible Credit Line (FCL) Arrangement. Growth is projected to remain robust in 2014 and beyond, although risks are tilted to the downside. Real GDP is projected to grow at around potential in 2014 and over the medium term, with inflation remaining within the target range of 2–4 percent. However, Colombia remains vulnerable to external risks, including a sharp decline in oil prices and a surge in global financial market volatility. The IMF staff assesses that Colombia continues to meet the qualification criteria for access to FCL resources, and recommends completion of the review under the FCL arrangement for Colombia.
Subject: Balance of payments, Economic sectors, Emerging and frontier financial markets, External debt, Financial markets, Foreign direct investment, Public debt, Public sector
Keywords: Central America, CR, Emerging and frontier financial markets, FCL arrangement, FCL resource, Foreign direct investment, Global, ISCR, opposition candidate Oscar Ivan Zuluaga, Public sector, re-election of President Santos, staff appraisal
Pages:
38
Volume:
2014
DOI:
Issue:
172
Series:
Country Report No. 2014/172
Stock No:
1COLEA2014003
ISBN:
9781498334914
ISSN:
1934-7685
