Colombia: Staff Report for the First Review Under the Extended Arrangement
IMF Staff Country Reports, January 11, 2001
Source details
- Canonical URL
- Colombia: Staff Report for the First Review Under the Extended Arrangement
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Bibliographic details
- Published: January 11, 2001
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451808759.002
Background and Economic Context
- Colombia's economic performance deteriorated markedly in the last half of 1998 and during 1999 under the combined influence of external shocks and a weakening of confidence.
- In response, the authorities developed a multiyear stabilization and reform program.
Program design and key policy components
- The program was based on:
- fiscal consolidation
- exchange rate flexibility
- bank restructuring
- structural reforms
- The IMF-supported extended program was reported to be on track, with indications that economic activity in Colombia has been recovering.
IMF staff assessment and authority actions
- The IMF staff welcomed the authorities' reaffirmation of the strategies and policies underlying the program.
- Indications suggested that economic activity in Colombia has been recovering.
Subject areas and keywords (as listed)
- Subject: Economic sectors, External debt, Monetary base, Money, Privatization, Public debt, Public sector
- Keywords: Colombian authority, CR, executive board discussion, Global, government, government pension fund, government strategy, inflation objective, ISCR, Monetary base, plan, Privatization, Public sector, spending plan