Colombia: Third Review Under the Extended Arrangement

International Monetary Fund

No 2002/015, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper examines the Third Review Under the Extended Arrangement for Colombia. Considerable macroeconomic stabilization has been achieved under the program. Inflation has been reduced, fiscal consolidation has advanced, the exchange market has remained orderly, and significant structural reforms have been implemented, albeit with some slippages. The 2002 program calls for a reduction in inflation to 6 percent, maintenance of a strong external position, and a further strengthening of the public finances to gain better control over the public debt dynamics and help lay the ground for a robust recovery of activity in the private sector.

Keywords: ISCR; CR; fiscal consolidation process need; staff appraisal; country faces challenge; foreign exchange; auctions of option; reform effort; fiscal policy recommendation; Public sector; International reserves; Credit; Global; South America (search for similar items in EconPapers)
Pages: 82
Date: 2002-02-07
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=15630 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2002/015

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().