Colombia: Staff Report for the 2002 Article IV Consultation and Request for Stand-By Arrangement

International Monetary Fund

No 2003/019, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper examines Colombia’s 2002 Article IV Consultation and Request for Stand-By Arrangement. The economic situation worsened in the first half of 2002. Economic activity has remained sluggish, and the fiscal consolidation has gone off-track. Exacerbated by increased contagion from other countries in the region, concerns about fiscal solvency led to increased pressure on the peso from mid-year and a loss of external market access. Executive Directors have commended the new government’s swift and comprehensive action to face a difficult domestic and external situation.

Keywords: ISCR; CR; government; IMF Stand-by arrangement; reform; pension regime; congress; Colombian authorities; government's program; government of president Alvaro Uribe; Public sector; Pension spending; Income and capital gains taxes; South America; Global (search for similar items in EconPapers)
Pages: 117
Date: 2003-01-24
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