IMF Staff Country Reports

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

Publication Date:

January 15, 2004

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

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.

Series:

Country Report No. 2004/015

Subject:

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