Colombia : Staff Report for the 2002 Article IV Consultation and Request for Stand-By Arrangement

1COLEA0012003 Image
Price:  $15.00

Release Date: © January, 2003
ISBN : 978-1-45180-877-3
Stock #: 1COLEA0012003
English
Stock Status: On back-order

Languages and formats available

EnglishFrenchSpanishArabicRussianChinesePortuguese
PaperbackYes

Description

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.

Taxonomy

IMF governance and operations , Operations , Stand-by Arrangements




More publications in this series: IMF Staff Country Reports