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

International Monetary Fund

No 2011/162, IMF Staff Country Reports from International Monetary Fund

Abstract: Colombia’s strong institutional frameworks and sound policy management have underpinned a strong macroeconomic performance and contributed to reducing vulnerabilities. The Colombian economy exhibited great resilience during the global crisis, and the output recovery is well entrenched. The impact on fund finances, risks, and safeguards are discussed. The Colombian authorities viewed that the uncertainties surrounding the external environment remain elevated and that a successor flexible credit line (FCL) arrangement with a duration of two years would provide useful protection against continuing external risks.

Keywords: ISCR; CR; FCL arrangement; Colombia; successor FCL; executive board discussion; countercyclical fiscal policy; consumer confidence confidence index; Public sector; Debt service; Global (search for similar items in EconPapers)
Pages: 46
Date: 2011-07-05
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