Colombia: Request for an Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for Colombia

Colombia’s very strong policies and policy frameworks have helped to significantly reduce domestic and external imbalances and brought the economy to more sustainable levels of activity and demand. Market confidence has improved, but risk premia remain high compared to peers. The authorities remain committed to sustaining their track record of very strong policies to durably eliminate imbalances while facilitating a smooth convergence of the economy to potential levels and enhancing the country’s resilience and capacity to respond to shocks.