Colombia: First Review Under the Stand-By Arrangement
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Summary:
This paper examines the First Review Under the Stand-By Arrangement for Colombia. Under the authorities’ program, economic performance has been mostly favorable. Real economic growth appears to be recovering, led by a pickup in domestic demand that outweighed a decline in net exports. Inflation, however, has remained above the program target. Since late February, the currency has appreciated, responding partly to a sharp decline in the country risk premium. The program is on track and the authorities have reiterated their full commitment to achieving the main elements of the program’s macroeconomic framework.
Series:
Country Report No. 2003/181
Subject:
Economic sectors Expenditure External debt Fiscal policy Pension spending Public debt Public sector
English
Publication Date:
June 23, 2003
ISBN/ISSN:
9781451808841/1934-7685
Stock No:
1COLEA0032003
Pages:
61
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