Colombia: Staff Report for the 2002 Article IV Consultation and Request for Stand-By Arrangement

January 24, 2003

Preview Citation

Format: Chicago

Colombia: Staff Report for the 2002 Article IV Consultation and Request for Stand-By Arrangement, (USA: International Monetary Fund, 2003) accessed November 23, 2024

Summary

This paper examines Colombia’s 2002 Article IV Consultation and Request for Stand-By Arrangement. The economic situation worsened in the first half of 2002. Economic activity has remained sluggish, and the fiscal consolidation has gone off-track. Exacerbated by increased contagion from other countries in the region, concerns about fiscal solvency led to increased pressure on the peso from mid-year and a loss of external market access. Executive Directors have commended the new government’s swift and comprehensive action to face a difficult domestic and external situation.

Subject: Economic sectors, Expenditure, External debt, Income and capital gains taxes, Pension reform, Pension spending, Public debt, Public sector, Taxes

Keywords: Colombian authorities, Congress, CR, Global, Government, Government of president Alvaro Uribe, Government's program, IMF Stand-by arrangement, Income and capital gains taxes, ISCR, Pension regime, Pension spending, Public sector, Reform, South America

Publication Details

Pages:

117
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/019
Stock No:

1COLEA0012003
ISBN:

9781451808773
ISSN:

1934-7685

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