Colombia: Staff Report for the 2006 Article IV Consultation and the Third and Final Review Under Stand-By Arrangement
Volume/Issue:
Volume 2006
Issue 408
Publication date: November 2006
ISBN: 9781451808926
$20.00
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Topics covered in this book
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Banks and Banking , Exports and Imports , Inflation , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , government , economy , demand policy , Colombia's economy , deficit , discussion of Colombia , inflation expectation , supervisory authority , Public sector , Global
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Summary
Since 1999, economic policies have sought to place the country on a path of sustainable growth, which would help reduce unemployment and poverty. The authorities have begun to address the risk of overheating, although demand policies may need to be tightened further. Monetary policy will be aimed at lowering inflation further to 2-4 percent over the medium term. The authorities’ medium-term fiscal plan will strengthen the economy and build resilience. IMF staff recommends completion of the third and final review.
