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Colombia Review Under The Flexible Credit Line Arrangement Press Release Staff Report And Statement By The Executive Director For Colombia
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Book Synopsis Colombia: Review Under the Flexible Credit Line Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Colombia by : International Monetary
Download or read book Colombia: Review Under the Flexible Credit Line Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Colombia written by International Monetary and published by International Monetary Fund. This book was released on 2021-05-04 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: COVID-19 has taken a severe toll on Colombia’s society and economy—including over 60,000 deaths and over 5 million jobs temporarily lost in Colombia’s largest recession on record. A gradual but uneven recovery led by private domestic demand and manufacturing is underway, but services continue to be weak. While the economy had remained resilient before the pandemic owing to very strong policy frameworks, economic activity is not expected to return to pre-pandemic levels until the end of 2022.
Author :International Monetary Fund. Western Hemisphere Dept. Publisher :International Monetary Fund ISBN 13 :1498308813 Total Pages :38 pages Book Rating :4.4/5 (983 download)
Book Synopsis Colombia by : International Monetary Fund. Western Hemisphere Dept.
Download or read book Colombia written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2014-06-27 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Colombia’s Review Under the Flexible Credit Line (FCL) Arrangement. Growth is projected to remain robust in 2014 and beyond, although risks are tilted to the downside. Real GDP is projected to grow at around potential in 2014 and over the medium term, with inflation remaining within the target range of 2–4 percent. However, Colombia remains vulnerable to external risks, including a sharp decline in oil prices and a surge in global financial market volatility. The IMF staff assesses that Colombia continues to meet the qualification criteria for access to FCL resources, and recommends completion of the review under the FCL arrangement for Colombia.
Author :International Monetary Fund. Western Hemisphere Dept. Publisher :International Monetary Fund ISBN 13 :1475510659 Total Pages :33 pages Book Rating :4.4/5 (755 download)
Book Synopsis Colombia by : International Monetary Fund. Western Hemisphere Dept.
Download or read book Colombia written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2012-09-20 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: Colombia’s very strong track record of macroeconomic policy management, underpinned by robust fiscal and monetary policy frameworks, has reduced vulnerabilities in recent years and helped weather the global financial crisis. The authorities’ policy focus has shifted from supporting the recovery through appropriate countercyclical measures to rebuilding policy buffers through fiscal consolidation, the normalization of monetary policy, and a strengthening of the reserve position.
Author :International Monetary Fund. Western Hemisphere Dept. Publisher :International Monetary Fund ISBN 13 :1498316301 Total Pages :40 pages Book Rating :4.4/5 (983 download)
Book Synopsis Colombia by : International Monetary Fund. Western Hemisphere Dept.
Download or read book Colombia written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2019-05-22 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Colombia’s recovery is gaining momentum on the back of strong domestic demand, with a wider current account deficit. As a key external shock, migration flows from Venezuela accelerated in 2018 and by end-December 1.5 million migrants were estimated to live in Colombia. Risks to global growth and financial stability are tilted to the downside and have increased somewhat relative to the last FCL approval according to the April 2019 WEO and GFSR. Given the importance of oil exports and non-resident holdings of local-currency bonds, Colombia remains exposed to lower global growth, including indirectly through lower oil prices, and a sudden reversal in investor sentiment. Colombia weathered last year’s financial and oil market volatility well, however, as evidenced by stable spreads and local currency bond yields.
Book Synopsis Colombia by : International Monetary
Download or read book Colombia written by International Monetary and published by International Monetary Fund. This book was released on 2023-04-27 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: Colombia: Review Under the Flexible Credit Line Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Colombia
Download or read book Colombia written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :International Monetary Fund Publisher :INTERNATIONAL MONETARY FUND ISBN 13 :9781451808988 Total Pages :26 pages Book Rating :4.8/5 (89 download)
Book Synopsis Colombia by : International Monetary Fund
Download or read book Colombia written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2009-11-10 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses key findings of the Review Under the Flexible Credit Line (FCL) for Colombia. The FCL arrangement has provided Colombia an additional coverage against adverse external shocks, in the context of strong monetary and fiscal policies. Colombia’s strong institutional and policy frameworks have created the scope to support domestic demand with prudently expansionary macroeconomic policies. The resources from the FCL have helped to bolster confidence in the country’s ability to withstand additional external shocks. In the IMF staff’s view, Colombia continues to fully meet the FCL qualification criteria.
Author :International Monetary Fund. Western Hemisphere Dept. Publisher :International Monetary Fund ISBN 13 :1484399234 Total Pages :49 pages Book Rating :4.4/5 (843 download)
Book Synopsis Colombia by : International Monetary Fund. Western Hemisphere Dept.
Download or read book Colombia written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2013-07-10 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: This staff report on Colombia’s arrangement under the Flexible Credit Line highlights economic policies and development. Colombia’s economic performance in recent years has been very strong, underpinned by a very strong institutional framework and prudent macroeconomic management. Following a sharp slowdown in 2008–2009, output growth rebounded vigorously, and inflation stayed within the official target range. A very strong policy framework—comprising an inflation-targeting regime, a flexible exchange rate, effective financial sector supervisionand regulation, and a medium-term fiscal framework—provided policy space to undertake timely and effective countercyclical measures to mitigate the effects of the global financial crisis, and skillful policy management helped maintain strong growth with low inflation.
Author :International Monetary Fund. Western Hemisphere Dept. Publisher :INTERNATIONAL MONETARY FUND ISBN 13 :9781498334914 Total Pages :0 pages Book Rating :4.3/5 (349 download)
Book Synopsis Colombia by : International Monetary Fund. Western Hemisphere Dept.
Download or read book Colombia written by International Monetary Fund. Western Hemisphere Dept. and published by INTERNATIONAL MONETARY FUND. This book was released on 2014-06-25 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Colombia’s Review Under the Flexible Credit Line (FCL) Arrangement. Growth is projected to remain robust in 2014 and beyond, although risks are tilted to the downside. Real GDP is projected to grow at around potential in 2014 and over the medium term, with inflation remaining within the target range of 2–4 percent. However, Colombia remains vulnerable to external risks, including a sharp decline in oil prices and a surge in global financial market volatility. The IMF staff assesses that Colombia continues to meet the qualification criteria for access to FCL resources, and recommends completion of the review under the FCL arrangement for Colombia.
Author :International Monetary Fund. Western Hemisphere Dept. Publisher :International Monetary Fund ISBN 13 : Total Pages :71 pages Book Rating :4.4/5 (2 download)
Book Synopsis Colombia by : International Monetary Fund. Western Hemisphere Dept.
Download or read book Colombia written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2024-05-02 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Colombia by : International Monetary Fund
Download or read book Colombia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-07-05 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Colombia’s strong institutional frameworks and sound policy management have underpinned a strong macroeconomic performance and contributed to reducing vulnerabilities. The Colombian economy exhibited great resilience during the global crisis, and the output recovery is well entrenched. The impact on fund finances, risks, and safeguards are discussed. The Colombian authorities viewed that the uncertainties surrounding the external environment remain elevated and that a successor flexible credit line (FCL) arrangement with a duration of two years would provide useful protection against continuing external risks.
Author :International Monetary Fund Publisher :INTERNATIONAL MONETARY FUND ISBN 13 :9781451808971 Total Pages :44 pages Book Rating :4.8/5 (89 download)
Book Synopsis Colombia by : International Monetary Fund
Download or read book Colombia written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2009-05-19 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses an arrangement under the Flexible Credit Line (FCL) for Colombia. Colombia is well placed to confront challenges posed by the ongoing global downturn. Access under an FCL arrangement of SDR 6.966 billion, which the authorities intend to treat as precautionary, would support Colombia’s policy framework and strategy, while reducing the likelihood of balance of payments pressures stemming from a change in investor sentiment. IMF staff believes that Colombia fully meets the FCL qualification criteria, and recommends approval of the arrangement.
Download or read book Colombia written by Miguel A. Savastano and published by . This book was released on 2009 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Colombia: Request for an Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement - Press Release; Staff Report; and Statement by the Executive Director for Colombia by : International Monetary
Download or read book Colombia: Request for an Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement - Press Release; Staff Report; and Statement by the Executive Director for Colombia written by International Monetary and published by International Monetary Fund. This book was released on 2022-05-02 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Colombia’s very strong policy frameworks and comprehensive policy response to the pandemic have supported the economy’s resilience. With stronger-than-expected growth last year, fiscal deficits and public debt are declining faster than anticipated, and the fiscal framework has been reactivated with a new fiscal rule and debt anchor. Further monetary policy tightening should drive inflation towards the central bank’s inflation target by mid-2024. Successful credit support measures in the financial sector are being phased out and, as discussed in the recent FSAP, financial sector supervision and regulation have been enhanced since the previous staff assessment. Overall, the authorities remain committed to maintaining their very strong policy framework as seen by steps taken to normalize policies from a crisis footing in the pandemic. Political assurances on policy continuity from the leading candidates provide a necessary safeguard for the proposed arrangement.
Book Synopsis Colombia by : International Monetary Fund
Download or read book Colombia written by International Monetary Fund and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Colombia by : International Monetary Fund
Download or read book Colombia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-06-01 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report focuses on Colombia’s economic policy framework and the policy response to the global crisis. In recent years, Colombia’s policies strengthened a strong macroeconomic performance, which helped in achieving higher tax revenues and restraint on current spending. Colombia was not affected too severely by the global crisis. The impact of the crisis was mitigated by the authorities through countercyclical monetary and fiscal policies. The monetary stance is expected to remain supportive unless there are signs of domestic demand pressures guided by the inflation targeting framework.
Download or read book Colombia written by and published by . This book was released on 2009 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annotation In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
