Colombia: Second Review Under the Stand-By Arrangement and Request for Waiver of Performance Criteria

January 15, 2004

Preview Citation

Format: Chicago

Colombia: Second Review Under the Stand-By Arrangement and Request for Waiver of Performance Criteria, (USA: International Monetary Fund, 2004) accessed December 26, 2024

Summary

The program made good progress toward creating the conditions for faster sustained growth over the medium term. The economic policies aim to preserve the program's macroeconomic framework. Fiscal policy is expected to stay on a sustainable path. The central bank has been successful in achieving its inflation target. The proposed target for net international reserves will maintain an adequate reserve cushion. The prospects for sustained growth over the medium term remain favorable, provided the government maintains a strong fiscal policy and advance structural reforms.

Subject: Central banks, Economic sectors, External debt, Fiscal policy, International reserves, Public debt, Public sector

Keywords: CR, Decentralization regime, Deficit, Economic reform program, Expenditure freeze, Expenditure measure, Government, Government of Colombia, International reserves, ISCR, Public sector, Public sector deficit

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/015
Stock No:

1COLEA0012004
ISBN:

9781451808780
ISSN:

1934-7685

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