Colombia: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Colombia

May 20, 2016

Preview Citation

Format: Chicago

Colombia: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Colombia, (USA: International Monetary Fund, 2016) accessed November 24, 2024

Summary

This paper discusses key issues related to the Colombian economy. Despite adverse global circumstances, Colombia’s successful policies and inclusive growth agenda continued in 2015. Colombia’s strong policy framework helped ensure an orderly adjustment to the deteriorated external conditions. Although the medium-term outlook is favorable, it is surrounded by downside risks. The main near-term risks stem from Colombia’s still significant near-term external financing needs and potential capital inflow reversals, the result of volatile global financial conditions. On the upside, bringing the peace process to fruition could further improve business confidence and capital inflows, reinforcing the recovery that will follow the necessary adjustment process.

Subject: Balance of payments, Current account deficits, Depreciation, Economic sectors, External debt, National accounts, Public debt, Public sector

Keywords: Anchor inflation expectation, CR, Current account deficits, Deficit, Depreciation, Exchange rate depreciation, Global, Government, Inflation expectation, ISCR, Middle, Oil price shock, Public sector, Terms of trade shock

Publication Details

Pages:

78
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/129
Stock No:

1COLEA2016002
ISBN:

9781484361153
ISSN:

1934-7685

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