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Colombia: Request for Augmentation of Access Under the Flexible Credit Line Arrangement-Press Release; Staff Report; 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 2020: Issue 284
Language:
English
Publication Date:
25 Sep 2020
DOI:
https://doi.org/10.5089/9781513557823.002
ISBN:
9781513557823
ISSN:
1934-7685
Pages:
76
Keywords:
ISCR; CR; fcl arrangement; SDR; FCL instrument; fcl augmentation; arrangement; inflation expectation; liquidity provision; augmentation request; FCL arrangement; Credit; Balance of payments need; Public sector; Global; COVID-19
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2020: Issue 284