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Colombia: Staff Report for the First Review Under the Extended Arrangement

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  • International Monetary Fund

Abstract

Colombia's economic performance deteriorated markedly in the last half of 1998 and during 1999 under the combined influence of external shocks and a weakening of confidence. In an effort to reverse the deterioration, the authorities developed a multiyear stabilization and reform program based on fiscal consolidation, exchange rate flexibility bank restructuring, and structural reforms. Indications suggested that economic activity in Colombia has been recovering and the IMF-supported extended program remains on track. The IMF staff welcomed the authorities' reaffirmation of the strategies and policies underlying the program.

Suggested Citation

  • International Monetary Fund, 2001. "Colombia: Staff Report for the First Review Under the Extended Arrangement," IMF Staff Country Reports 2001/012, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2001/012
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