Colombia: First Review Under the Stand-By Arrangement

Author: International Monetary Fund

Volume/Issue: Volume 2003 Issue 181

Publication date: June 2003

ISBN: 9781451808841

$20.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats


English

Prices in red indicate formats that are not yet available but are forthcoming.

Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Exports and Imports , Economics- Macroeconomics , Public Finance , ISCR , CR , government , economic reform program , deficit , executive board review of Colombia , economic reform , executive board review , Colombia's Stand-By Arrangement , policy implementation , SBA program , Public sector , Pension spending , Global

Also of interest

Grenada

Nepal

Peru

Republic of Congo : 2001 Article IV

Summary

This paper examines the First Review Under the Stand-By Arrangement for Colombia. Under the authorities’ program, economic performance has been mostly favorable. Real economic growth appears to be recovering, led by a pickup in domestic demand that outweighed a decline in net exports. Inflation, however, has remained above the program target. Since late February, the currency has appreciated, responding partly to a sharp decline in the country risk premium. The program is on track and the authorities have reiterated their full commitment to achieving the main elements of the program’s macroeconomic framework.