European Parliament Library

Colombia :, Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Alternate Executive Director for Colombia

Colombia’s strong institutional frameworks and sound policy management have underpinned a strong macroeconomic performance and contributed to reducing vulnerabilities. The Colombian economy exhibited great resilience during the global crisis, and the output recovery is well entrenched. The impact on fund finances, risks, and safeguards are discussed. The Colombian authorities viewed that the uncertainties surrounding the external environment remain elevated and that a successor flexible credit line (FCL) arrangement with a duration of two years would provide useful protection against continuing external risks
Table Of Contents
Cover; Contents; I. Background; Boxes; 1. 2010 Article IV Consultation-Update on Key Staff Recommendations and Assessments; Figures; 1. Recent Economic Developments; 2. Financial Developments; 3. Financial Soundness Indicators: Colombia and Other Emerging Markets; II. Role of the Flexible Credit Line Arrangement; 2. Illustrative Adverse Scenario; 4. FCL Qualification Criteria; 5. Reserve Coverage in International Perspective; III. Impact on Fund Finances, Risks and Safeguards; IV. Staff Appraisal; Tables; 1. Selected Economic and Financial Indicators; 2. Summary Balance of Payments
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (47 p.)
Specific Material Designation
Form Of Item

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