Colombia: Staff Report for the 2002 Article IV Consultation and Request for Stand-By Arrangement
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Summary:
This paper examines Colombia’s 2002 Article IV Consultation and Request for Stand-By Arrangement. The economic situation worsened in the first half of 2002. Economic activity has remained sluggish, and the fiscal consolidation has gone off-track. Exacerbated by increased contagion from other countries in the region, concerns about fiscal solvency led to increased pressure on the peso from mid-year and a loss of external market access. Executive Directors have commended the new government’s swift and comprehensive action to face a difficult domestic and external situation.
Series:
Country Report No. 2003/019
Subject:
Economic sectors Expenditure External debt Income and capital gains taxes Pension reform Pension spending Public debt Public sector Taxes
English
Publication Date:
January 24, 2003
ISBN/ISSN:
9781451808773/1934-7685
Stock No:
1COLEA0012003
Pages:
117
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