Colombia : Arrangement Under the Flexible Credit Line and Cancellation of Current Arrangement
Press Release and Staff Report
Series:Country Report No. 18/150
Add to cart
Publication year: 2018
Cdn: $23.50; US: $18.00
Colombia is near completion of a successful adjustment to large external shocks guided by its very strong economic policy framework and timely policy actions. The flexible exchange rate, combined with an inflation-targeting regime, effective financial sector supervision and regulation, and a fiscal rule, allowed the country to smooth the impact of a large permanent terms of trade deterioration. Amid continued strong appetite for Colombian assets, foreign participation in the local public debt and equity markets has continued to increase.