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

International Monetary Fund

No 2009/312, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses key findings of the Review Under the Flexible Credit Line (FCL) for Colombia. The FCL arrangement has provided Colombia an additional coverage against adverse external shocks, in the context of strong monetary and fiscal policies. Colombia’s strong institutional and policy frameworks have created the scope to support domestic demand with prudently expansionary macroeconomic policies. The resources from the FCL have helped to bolster confidence in the country’s ability to withstand additional external shocks. In the IMF staff’s view, Colombia continues to fully meet the FCL qualification criteria.

Keywords: ISCR; CR; FCL approval; policy; inflation targeting framework; public sector financing; Executive Board discussion; balance of payments protection; Public sector; Real interest rates; Lines of credit; Global (search for similar items in EconPapers)
Pages: 26
Date: 2009-11-10
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