Colombia: 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Colombia
IMF Staff Country Reports, August 2, 2011
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- Colombia: 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Colombia
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Bibliographic details
- Published: August 2, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781462341559.002
Economic resilience and recovery
- The Colombian economy proved resilient to the global financial crisis, and a solid recovery is under way.
- A sudden acceleration of domestic demand places an additional burden on monetary policy.
Monetary policy and capital flows
- The pace of monetary tightening envisaged strikes the right balance between restraining credit growth and mitigating incentives for further capital inflows.
- Rapid domestic demand growth would increase the burden on monetary policy.
Financial sector oversight
- Colombia’s financial sector oversight is solid.
- Plans to strengthen cross-border and consolidated supervision are commended.
Labor market, taxation, and competitiveness
- Steep taxation of labor is a significant hindrance to competitiveness.
- A relatively high minimum wage is a significant hindrance to competitiveness.
- Keywords related to labor: labor market informality.
Exchange regime and subsidies
- Colombia’s exchange restrictions remain unchanged.
- Subject tags include: Energy subsidies.
Content in this bundle
- Selected Economic and Financial Indicators