Colombia: First Review Under the Stand-By Arrangement, Requests for Modification of Performance Criteria, and Waiver of Nonobservance of Performance Criteria and of Applicability of end-September Performance Criteria

November 2, 2005

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Colombia: First Review Under the Stand-By Arrangement, Requests for Modification of Performance Criteria, and Waiver of Nonobservance of Performance Criteria and of Applicability of end-September Performance Criteria, (USA: International Monetary Fund, 2005) accessed November 23, 2024

Summary

This paper discusses key findings of the First Review Under the Stand-By Arrangement for Colombia. The economy is expected to continue to perform well in 2005. Real GDP is expected to grow by 4 percent, with consumer prices rising by 5 percent, as targeted. The external current account deficit is estimated at 1 percent of GDP, compared with 2.8 percent of GDP projected originally. Economic performance under the arrangement has been favorable. IMF staff supports the authorities’ request for completion of the first review, for modification of the fiscal targets, and for waivers.

Subject: Economic sectors, External debt, Oil prices, Prices, Public debt, Public sector, Revenue administration

Keywords: CR, Current account, Decentralization scheme, Deficit, Deficit target, Global, Government, ISCR, Oil price windfall, Oil prices, Private sector, Public sector, Telecommunications company

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/392
Stock No:

1COLEA2005004
ISBN:

9781451808889
ISSN:

1934-7685

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