Colombia: Second Review Under the Stand-By Arrangement and Request for Waiver of Performance Criteria

International Monetary Fund

No 2004/015, IMF Staff Country Reports from International Monetary Fund

Abstract: The program made good progress toward creating the conditions for faster sustained growth over the medium term. The economic policies aim to preserve the program's macroeconomic framework. Fiscal policy is expected to stay on a sustainable path. The central bank has been successful in achieving its inflation target. The proposed target for net international reserves will maintain an adequate reserve cushion. The prospects for sustained growth over the medium term remain favorable, provided the government maintains a strong fiscal policy and advance structural reforms.

Keywords: ISCR; CR; expenditure measure; government; deficit; economic reform program; government of Colombia; decentralization regime; public sector deficit; expenditure freeze; Public sector; International reserves (search for similar items in EconPapers)
Pages: 57
Date: 2004-01-15
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