Colombia: Arrangement Under the Flexible Credit Line: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Colombia

International Monetary Fund

No 2009/153, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses an arrangement under the Flexible Credit Line (FCL) for Colombia. Colombia is well placed to confront challenges posed by the ongoing global downturn. Access under an FCL arrangement of SDR 6.966 billion, which the authorities intend to treat as precautionary, would support Colombia’s policy framework and strategy, while reducing the likelihood of balance of payments pressures stemming from a change in investor sentiment. IMF staff believes that Colombia fully meets the FCL qualification criteria, and recommends approval of the arrangement.

Keywords: ISCR; CR; FCL arrangement; Colombia; regime; IMF's FCL; fund arrangement; inflation expectation; credit to Colombia; Public sector; Debt service; Credit; Global (search for similar items in EconPapers)
Pages: 44
Date: 2009-05-19
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