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Colombia: Review Under the Flexible Credit Line: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Colombia

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  • International Monetary Fund

Abstract

This paper discusses key findings of the Review Under the Flexible Credit Line (FCL) for Colombia. The FCL arrangement has provided Colombia an additional coverage against adverse external shocks, in the context of strong monetary and fiscal policies. Colombia’s strong institutional and policy frameworks have created the scope to support domestic demand with prudently expansionary macroeconomic policies. The resources from the FCL have helped to bolster confidence in the country’s ability to withstand additional external shocks. In the IMF staff’s view, Colombia continues to fully meet the FCL qualification criteria.

Suggested Citation

  • International Monetary Fund, 2009. "Colombia: Review Under the Flexible Credit Line: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Colombia," IMF Staff Country Reports 2009/312, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2009/312
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=23400
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    Cited by:

    1. Jose Antonio Cordero, 2009. "Costa Rica During the Global Recession: Fiscal Stimulus with Tight Monetary Policy," CEPR Reports and Issue Briefs 2009-23, Center for Economic and Policy Research (CEPR).

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