Colombia : Staff Report for the 2005 Article IV Consultation

1COLEA2005001 Image
Price:  $15.00

Release Date: © May, 2005
ISBN : 978-1-45180-886-5
Stock #: 1COLEA2005001
English
Stock Status: On back-order

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Description

This paper discusses Colombia’s 2005 Article IV Consultation, Fourth Review Under the Stand-By Arrangement (SBA), and Requests for Waiver of Nonobservance of Performance Criteria. Real economic growth in Colombia recovered to 4 percent a year in 2003–04. The national unemployment rate declined from 20 percent at end-2000 to 12 percent at end-2004. The health of the financial system continued to improve. The solvency and profitability of the banking system have recovered, reflecting economic growth, a successful recapitalization scheme, and improved supervision.




More publications in this series: IMF Staff Country Reports