Colombia: Staff Report for the 2005 Article IV Consultation

International Monetary Fund

No 2005/154, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Colombia’s 2005 Article IV Consultation, Fourth Review Under the Stand-By Arrangement (SBA), and Requests for Waiver of Nonobservance of Performance Criteria. Real economic growth in Colombia recovered to 4 percent a year in 2003–04. The national unemployment rate declined from 20 percent at end-2000 to 12 percent at end-2004. The health of the financial system continued to improve. The solvency and profitability of the banking system have recovered, reflecting economic growth, a successful recapitalization scheme, and improved supervision.

Keywords: ISCR; CR; government; deficit; exchange rate; oil price windfall; SDR; U.S. dollar; opportune intervention; foreign currency; central bank; private sector; inflation expectation; government institution; Public sector; Inflation; Inflation targeting; Global (search for similar items in EconPapers)
Pages: 123
Date: 2005-05-09
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Citations: View citations in EconPapers (13)

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