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Colombia: Staff Report for the 2002 Article IV Consultation and Request for Stand-By Arrangement

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  • International Monetary Fund

Abstract

This paper examines Colombia’s 2002 Article IV Consultation and Request for Stand-By Arrangement. The economic situation worsened in the first half of 2002. Economic activity has remained sluggish, and the fiscal consolidation has gone off-track. Exacerbated by increased contagion from other countries in the region, concerns about fiscal solvency led to increased pressure on the peso from mid-year and a loss of external market access. Executive Directors have commended the new government’s swift and comprehensive action to face a difficult domestic and external situation.

Suggested Citation

  • International Monetary Fund, 2003. "Colombia: Staff Report for the 2002 Article IV Consultation and Request for Stand-By Arrangement," IMF Staff Country Reports 2003/019, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2003/019
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