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

Author: International Monetary Fund

Volume/Issue: Volume 2003 Issue 019

Publication date: January 2003

ISBN: 9781451808773

$20.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats


English

Prices in red indicate formats that are not yet available but are forthcoming.

Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Economics- Macroeconomics , Public Finance , Taxation - General , ISCR , CR , government , IMF Stand-by arrangement , reform , pension regime , congress , Colombian authorities , government's program , government of president Alvaro Uribe , Public sector , Pension spending , Income and capital gains taxes , South America , Global

Also of interest

Grenada

Peru

Nepal

Republic of Congo : 2001 Article IV

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.