Colombia: Staff Report for the First Review Under the Extended Arrangement

January 11, 2001

Preview Citation

Format: Chicago

Colombia: Staff Report for the First Review Under the Extended Arrangement, (USA: International Monetary Fund, 2001) accessed November 23, 2024

Summary

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 an effort to reverse the deterioration, the authorities developed a multiyear stabilization and reform program based on fiscal consolidation, exchange rate flexibility bank restructuring, and structural reforms. Indications suggested that economic activity in Colombia has been recovering and the IMF-supported extended program remains on track. The IMF staff welcomed the authorities' reaffirmation of the strategies and policies underlying the program.

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

Publication Details

Pages:

61
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2001/012
Stock No:

1COLEA0012001
ISBN:

9781451808759
ISSN:

1934-7685

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