Colombia: Staff Report for the First Review Under the Extended Arrangement

International Monetary Fund

No 2001/012, IMF Staff Country Reports from International Monetary Fund

Abstract: Colombia's economic performance deteriorated markedly in the last half of 1998 and during 1999 under the combined influence of external shocks and a weakening of confidence. In an effort to reverse the deterioration, the authorities developed a multiyear stabilization and reform program based on fiscal consolidation, exchange rate flexibility bank restructuring, and structural reforms. Indications suggested that economic activity in Colombia has been recovering and the IMF-supported extended program remains on track. The IMF staff welcomed the authorities' reaffirmation of the strategies and policies underlying the program.

Keywords: ISCR; CR; spending plan; government; inflation objective; plan; executive board discussion; government pension fund; government strategy; Colombian authority; Public sector; Privatization; Monetary base; Global (search for similar items in EconPapers)
Pages: 61
Date: 2001-01-11
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