Colombia: Request for Augmentation of Access Under the Flexible Credit Line Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Colombia

September 25, 2020

Preview Citation

Format: Chicago

Colombia: Request for Augmentation of Access Under the Flexible Credit Line Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Colombia, (USA: International Monetary Fund, 2020) accessed September 18, 2024

Summary

The current FCL arrangement for Colombia was approved in May 2020. Colombia was cited for its very strong policy frameworks—anchored by a flexible exchange rate, a credible inflation-targeting regime, effective financial sector supervision and regulation, and a structural fiscal rule—and a track record of very strong policy implementation that served as a basis for the economy’s resilience prior to the Covid-19 pandemic.

Subject: Balance of payments, Balance of payments need, COVID-19, Credit, Economic sectors, External debt, Health, Money, Public debt, Public sector

Keywords: Arrangement, Augmentation request, Balance of payments need, COVID-19, CR, Credit, Fcl arrangement, FCL arrangement, Fcl augmentation, FCL instrument, Global, Inflation expectation, ISCR, Liquidity provision, Public sector, SDR

Publication Details

Pages:

76
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2020/284
Stock No:

1COLEA2020004
ISBN:

9781513557823
ISSN:

1934-7685

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