Colombia: Selected Issues Paper

International Monetary Fund

No 2014/167, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper analyzes spillover risks for Colombia. It highlights that external shocks could spill over to the Colombian economy through the country’s important and growing trade and financial linkages with the rest of the world. Colombia would be most exposed to a decline in oil prices, which could have a sizable adverse impact on the balance of payments, the fiscal accounts and growth. Growth shocks in key trading partners could also have a negative impact, particularly in the United States, which is Colombia’s main trading partner. Colombia’s fiscal rule and adjustment in the context of resource wealth is also analyzed.

Keywords: ISCR; CR; Colombia; firm; medium term fiscal framework; revenue; profit growth; leveraged firm; participation cost; trading partner; GDP ratio; firms' profitability; Financial inclusion; Manufacturing; Credit; Real effective exchange rates; Fiscal stance; Central America; Global (search for similar items in EconPapers)
Pages: 86
Date: 2014-06-23
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Citations: View citations in EconPapers (1)

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