Colombia: Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement

August 3, 2015

Preview Citation

Format: Chicago

Colombia: Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement, (USA: International Monetary Fund, 2015) accessed November 22, 2024

Summary

This paper discusses Colombia’s Arrangement Under the Flexible Credit Line (FCL) and Cancellation of the Current Arrangement. In the baseline scenario, growth in Colombia is expected to decelerate to 3.4 percent in 2015 but gradually return toward potential over the medium term and inflation to remain at the midpoint of the central bank’s 2–4 percent target range. The authorities are requesting a successor two-year FCL arrangement for 500 percent of quota, and cancellation of the current arrangement which expires on June 23, 2015. The IMF staff assesses that Colombia meets the qualification criteria for access to IMF resources under the FCL arrangement, and recommends its approval by the Executive Board.

Subject: Economic sectors, External debt, Fiscal policy, Fiscal stance, Oil prices, Prices, Public debt, Public sector

Keywords: CR, FCL arrangement, FCL facility, Fiscal stance, Global, Inflation-targeting regime, ISCR, Monetary policy stance, Oil prices, Policy flexibility, Public sector, Regime, Successor FCL arrangement

Publication Details

Pages:

52
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/206
Stock No:

1COLEA2015003
ISBN:

9781513537054
ISSN:

1934-7685

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