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Colombia: First Review Under the Stand-By Arrangement

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  • International Monetary Fund

Abstract

This paper examines the First Review Under the Stand-By Arrangement for Colombia. Under the authorities’ program, economic performance has been mostly favorable. Real economic growth appears to be recovering, led by a pickup in domestic demand that outweighed a decline in net exports. Inflation, however, has remained above the program target. Since late February, the currency has appreciated, responding partly to a sharp decline in the country risk premium. The program is on track and the authorities have reiterated their full commitment to achieving the main elements of the program’s macroeconomic framework.

Suggested Citation

  • International Monetary Fund, 2003. "Colombia: First Review Under the Stand-By Arrangement," IMF Staff Country Reports 2003/181, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2003/181
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