Colombia: Review Under the Flexible Credit Line Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Colombia

May 4, 2021

Preview Citation

Format: Chicago

Colombia: Review Under the Flexible Credit Line Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Colombia, (USA: International Monetary Fund, 2021) accessed November 23, 2024

Summary

COVID-19 has taken a severe toll on Colombia’s society and economy—including over 60,000 deaths and over 5 million jobs temporarily lost in Colombia’s largest recession on record. A gradual but uneven recovery led by private domestic demand and manufacturing is underway, but services continue to be weak. While the economy had remained resilient before the pandemic owing to very strong policy frameworks, economic activity is not expected to return to pre-pandemic levels until the end of 2022.

Subject: COVID-19, External debt, Financial institutions, Fiscal policy, Health, International organization, Lines of credit, Monetary policy, Public debt

Keywords: Balance effect, COVID-19, FCL arrangement, FCL resource, Global, Increase rollover risk, Lines of credit, Reform proposal

Publication Details

Pages:

48
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/087
Stock No:

1COLEA2021003
ISBN:

9781513572932
ISSN:

1934-7685

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