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Colombia: Review Under the Flexible Credit Line Arrangement--Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Colombia
Author:
International Monetary Fund. Western Hemisphere Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2012: Issue 274
Language:
English
Publication Date:
20 Sep 2012
DOI:
https://doi.org/10.5089/9781475510652.002
ISBN:
9781475510652
ISSN:
1934-7685
Pages:
33
Keywords:
ISCR; CR; regime; FCL arrangement; FCL resource; sound policy track records; Executive Board discussion; floating exchange rate regime; inflation expectation; Public sector; Current account deficits; Foreign direct investment; Global
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Colombia’s very strong track record of macroeconomic policy management, underpinned by robust fiscal and monetary policy frameworks, has reduced vulnerabilities in recent years and helped weather the global financial crisis. The authorities’ policy focus has shifted from supporting the recovery through appropriate countercyclical measures to rebuilding policy buffers through fiscal consolidation, the normalization of monetary policy, and a strengthening of the reserve position.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2012: Issue 274