Colombia: Second Review Under the Stand-By Arrangement and Request for Rephasing of Purchases

June 27, 2006

Preview Citation

Format: Chicago

Colombia: Second Review Under the Stand-By Arrangement and Request for Rephasing of Purchases, (USA: International Monetary Fund, 2006) accessed November 28, 2024

Summary

The economy has performed strongly. The government has lowered the target for the combined public sector deficit. The prospects for sustained growth over the medium term are favorable, in view of the robust growth in nonresidential investment and exports. Fiscal policy will remain on a sustainable path. Key structural reforms will move forward, once the new congress and government take office. The inflation targeting framework has provided a useful anchor for expectations and confidence. The government is developing several reforms to deepen the financial system.

Subject: Economic sectors, External debt, Fiscal policy, Public debt, Public sector, Revenue administration

Keywords: Colombia's request, CPS deficit, CR, Global, Intervention rule, ISCR, Promotion agency, Public sector, Published intervention rule, SDR, Staff appraisal

Publication Details

Pages:

63
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/234
Stock No:

1COLEA2006001
ISBN:

9781451808896
ISSN:

1934-7685

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