Cover IMF Staff Country Reports
Colombia: Review Under the Flexible Credit Line: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Colombia
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2009: Issue 312
Language:
English
Publication Date:
10 Nov 2009
DOI:
https://doi.org/10.5089/9781451808988.002
ISBN:
9781451808988
ISSN:
1934-7685
Pages:
26
Keywords:
ISCR; CR; FCL approval; policy; inflation targeting framework; public sector financing; Executive Board discussion; balance of payments protection; Public sector; Real interest rates; Lines of credit; Global
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This paper discusses key findings of the Review Under the Flexible Credit Line (FCL) for Colombia. The FCL arrangement has provided Colombia an additional coverage against adverse external shocks, in the context of strong monetary and fiscal policies. Colombia’s strong institutional and policy frameworks have created the scope to support domestic demand with prudently expansionary macroeconomic policies. The resources from the FCL have helped to bolster confidence in the country’s ability to withstand additional external shocks. In the IMF staff’s view, Colombia continues to fully meet the FCL qualification criteria.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2009: Issue 312