European Parliament Library

Colombia :, 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Colombia

The Colombian economy proved resilient to the global financial crisis, and a solid recovery is under way. The pace of monetary tightening envisaged strikes the right balance between restraining credit growth and mitigating incentives for further capital inflows. A sudden acceleration of domestic demand places an additional burden on monetary policy. Colombia’s financial sector oversight is solid, and plans to strengthen cross-border and consolidated supervision are commended. Steep taxation of labor and a relatively high minimum wage are significant hindrances to competitiveness. Colombia’s exchange restrictions remain unchanged
Table Of Contents
Cover; CONTENTS; BACKGROUND; RECENT DEVELOPMENTS; OUTLOOK; BOXES; 1. Capital Inflows to Colombia; 2. Colombia's Foreign Exchange (FX) Intervention in the Latin American Context; 3. Labor Market Issues and Challenges; FIGURES; 1. Recent Economic Developments; 2. Labor Market Developments and Challenges; 3. Financial Markets Developments; 4. Financial Soundness Indicators: Colombia and Other Emerging Markets; 5. External Sector Developments; POLICY DISCUSSIONS; A. Near-Term Policy Stance; 4. Macroprudential Policies; B. Strengthening the Medium-Term Fiscal Framework
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (65 p.)
Specific Material Designation
Form Of Item

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