Colombia:Request for Augmentation of Access Under the Flexible Credit Line Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Colombia

Request for Augmentation of Access Under the Flexible Credit Line Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Colombia

Volume/Issue: Volume 2020 Issue 284

Publication date: September 2020

ISBN: 9781513557823

$18.00

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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 , Money and Monetary Policy , Public Finance , ISCR , CR , fcl arrangement , SDR , FCL instrument , fcl augmentation , arrangement , inflation expectation , liquidity provision , augmentation request , FCL arrangement , Credit , Balance of payments need , Public sector , Global , COVID-19

Also of interest

Republic of Congo : 2001 Article IV

Spain

Malawi

Peru

Summary

The current FCL arrangement for Colombia was approved in May 2020. Colombia was cited for its very strong policy frameworks—anchored by a flexible exchange rate, a credible inflation-targeting regime, effective financial sector supervision and regulation, and a structural fiscal rule—and a track record of very strong policy implementation that served as a basis for the economy’s resilience prior to the Covid-19 pandemic.