Colombia: Financial System Stability Assessment

International Monetary Fund

No 2022/098, IMF Staff Country Reports from International Monetary Fund

Abstract: The pandemic led to Colombia’s largest recession on record, but the economy bounced back strongly in 2021. The banking system has so far weathered the shock well, with the help of a strong policy and support response and strong initial position. Colombia is exposed to elevated external financing risks and the further prolongation of the pandemic. Large and complex financial conglomerates with increasing cross-border exposures dominate the financial system. The consumer-credit portfolio deserves attention as it has been growing fast and had high impairment rate during the pandemic.

Keywords: liquidity risk index; C. liquidity risk analysis; IMF expert; FSAP macro projection; liquidity shock; FSAP finding; B. solvency risk analysis; bank resolution regime; Financial Sector Assessment Program; Commercial banks; COVID-19; Liquidity; Basel III; Central America; Global (search for similar items in EconPapers)
Pages: 55
Date: 2022-04-04
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