Colombia Third Review Under the Stand-By Arrangement and Request for a Waiver of Nonobservance of Performance Criterion

This paper discusses Colombia Third Review Under the Stand-By Arrangement (SBA) and Request for Waiver of Nonobservance of Performance Criterion. Under the authorities' program, economic performance has improved considerably. Real GDP rose by 3.7 percent in 2003 and 3.8 percent in the first qua...

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Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2004, 2004
Series:IMF Staff Country Reports; Country Report
Subjects:
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Collection: International Monetary Fund - Collection details see MPG.ReNa
Summary:This paper discusses Colombia Third Review Under the Stand-By Arrangement (SBA) and Request for Waiver of Nonobservance of Performance Criterion. Under the authorities' program, economic performance has improved considerably. Real GDP rose by 3.7 percent in 2003 and 3.8 percent in the first quarter of 2004, while inflation fell to 5.4 percent year over year in May, lower than expected. Solid export growth, together with improved confidence, has strengthened the external position. Fiscal policy is on track, and almost all structural reforms continue to advance
Physical Description:64 p.
ISBN:1451808828
9781451808827