Colombia : Arrangement Under the Flexible Credit Line and Cancellation of Current Arrangement- Press Release; and Staff Report.

This paper focuses on recent economic developments as well as the role of the flexible credit line (FCL) arrangement. Despite a large external shock, Colombia's economy showed remarkable resilience in 2015. The current account deficit reached a record level in 2015, but reserves remained stable...

पूर्ण विवरण

ग्रंथसूची विवरण
निगमित लेखक: International Monetary Fund. Western Hemisphere Dept
स्वरूप: पत्रिका
भाषा:English
प्रकाशित: Washington, D.C. : International Monetary Fund, 2016.
श्रृंखला:IMF Staff Country Reports; Country Report ; No. 2016/154
ऑनलाइन पहुंच:Full text available on IMF
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520 3 |a This paper focuses on recent economic developments as well as the role of the flexible credit line (FCL) arrangement. Despite a large external shock, Colombia's economy showed remarkable resilience in 2015. The current account deficit reached a record level in 2015, but reserves remained stable. The banking system and corporate sector remained in good financial health. Growth will be subdued in the near future but is projected to gradually return toward potential. The FCL has served Colombia well. The previous FCL arrangements have been instrumental to cope with heightened external risks in recent years, complementing the authorities' policy response to economic shocks. 
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830 0 |a IMF Staff Country Reports; Country Report ;  |v No. 2016/154 
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