Colombia: Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Alternate Executive Director for Colombia

July 5, 2011

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Format: Chicago

Colombia: Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Alternate Executive Director for Colombia, (USA: International Monetary Fund, 2011) accessed November 22, 2024

Summary

Colombia’s strong institutional frameworks and sound policy management have underpinned a strong macroeconomic performance and contributed to reducing vulnerabilities. The Colombian economy exhibited great resilience during the global crisis, and the output recovery is well entrenched. The impact on fund finances, risks, and safeguards are discussed. The Colombian authorities viewed that the uncertainties surrounding the external environment remain elevated and that a successor flexible credit line (FCL) arrangement with a duration of two years would provide useful protection against continuing external risks.

Subject: Debt service, Economic sectors, External debt, Fiscal policy, Public debt, Public sector

Keywords: Colombia, Consumer confidence confidence index, Countercyclical fiscal policy, CR, Debt service, Executive board discussion, FCL arrangement, Global, ISCR, Public sector, Successor FCL

Publication Details

Pages:

46
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/162
Stock No:

1COLEA2011001
ISBN:

9781455291687
ISSN:

1934-7685

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