Download or read book Colombia Review Under the Flexible Credit Line Arrangement Press Release Staff Report and Statement by the Executive Director for Colombia written by International Monetary and published by International Monetary Fund. This book was released on 2021-05-04 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: COVID-19 has taken a severe toll on Colombia’s society and economy—including over 60,000 deaths and over 5 million jobs temporarily lost in Colombia’s largest recession on record. A gradual but uneven recovery led by private domestic demand and manufacturing is underway, but services continue to be weak. While the economy had remained resilient before the pandemic owing to very strong policy frameworks, economic activity is not expected to return to pre-pandemic levels until the end of 2022.
Download or read book Colombia written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2014-06-27 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Colombia’s Review Under the Flexible Credit Line (FCL) Arrangement. Growth is projected to remain robust in 2014 and beyond, although risks are tilted to the downside. Real GDP is projected to grow at around potential in 2014 and over the medium term, with inflation remaining within the target range of 2–4 percent. However, Colombia remains vulnerable to external risks, including a sharp decline in oil prices and a surge in global financial market volatility. The IMF staff assesses that Colombia continues to meet the qualification criteria for access to FCL resources, and recommends completion of the review under the FCL arrangement for Colombia.
Download or read book Colombia written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2012-09-20 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: Colombia’s very strong track record of macroeconomic policy management, underpinned by robust fiscal and monetary policy frameworks, has reduced vulnerabilities in recent years and helped weather the global financial crisis. The authorities’ policy focus has shifted from supporting the recovery through appropriate countercyclical measures to rebuilding policy buffers through fiscal consolidation, the normalization of monetary policy, and a strengthening of the reserve position.
Download or read book Colombia written by International Monetary and published by International Monetary Fund. This book was released on 2023-04-27 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: Colombia: Review Under the Flexible Credit Line Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Colombia
Download or read book Peru Review Under the Flexible Credit Line Arrangement Press Release Staff Report and Statement by the Executive Director for Peru written by International Monetary and published by International Monetary Fund. This book was released on 2021-06-18 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Peru’s very strong macroeconomic policies and institutional policy frameworks have helped anchor strong growth and stability over the past several years and navigate the challenges posed by the COVID-19 pandemic. The confluence of a sound inflation-targeting regime, flexible exchange rate, credible fiscal framework, reflected in very low public debt, and sound financial sector supervision and regulation have allowed the country to deploy a robust policy response to mitigate the socio-economic impact of the pandemic while sustaining strong access to international capital markets. Following the worst economic contraction in 30 years, economic activity is expected to rebound this year as COVID-19 vaccines are rolled out, and the pandemic is gradually brought under control. Real GDP is expected to return to its pre-pandemic level by 2022, supported by improved terms-of-trade and a pick-up in domestic demand. The second round of presidential elections is scheduled for June 6.
Download or read book Colombia Request for an Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement Press Release Staff Report and Statement by the Executive Director for Colombia written by International Monetary and published by International Monetary Fund. This book was released on 2022-05-02 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Colombia’s very strong policy frameworks and comprehensive policy response to the pandemic have supported the economy’s resilience. With stronger-than-expected growth last year, fiscal deficits and public debt are declining faster than anticipated, and the fiscal framework has been reactivated with a new fiscal rule and debt anchor. Further monetary policy tightening should drive inflation towards the central bank’s inflation target by mid-2024. Successful credit support measures in the financial sector are being phased out and, as discussed in the recent FSAP, financial sector supervision and regulation have been enhanced since the previous staff assessment. Overall, the authorities remain committed to maintaining their very strong policy framework as seen by steps taken to normalize policies from a crisis footing in the pandemic. Political assurances on policy continuity from the leading candidates provide a necessary safeguard for the proposed arrangement.
Download or read book Colombia written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2019-05-22 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Colombia’s recovery is gaining momentum on the back of strong domestic demand, with a wider current account deficit. As a key external shock, migration flows from Venezuela accelerated in 2018 and by end-December 1.5 million migrants were estimated to live in Colombia. Risks to global growth and financial stability are tilted to the downside and have increased somewhat relative to the last FCL approval according to the April 2019 WEO and GFSR. Given the importance of oil exports and non-resident holdings of local-currency bonds, Colombia remains exposed to lower global growth, including indirectly through lower oil prices, and a sudden reversal in investor sentiment. Colombia weathered last year’s financial and oil market volatility well, however, as evidenced by stable spreads and local currency bond yields.
Download or read book Colombia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-07-05 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book High Value Natural Resources and Post Conflict Peacebuilding written by Päivi Lujala and published by Routledge. This book was released on 2012-03-29 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt: For most post-conflict countries, the transition to peace is daunting. In countries with high-value natural resources – including oil, gas, diamonds, other minerals, and timber –the stakes are unusually high and peacebuilding is especially challenging. Resource-rich post-conflict countries face both unique problems and opportunities. They enter peacebuilding with an advantage that distinguishes them from other war-torn societies: access to natural resources that can yield substantial revenues for alleviating poverty, compensating victims, creating jobs, and rebuilding the country and the economy. Evidence shows, however, that this opportunity is often wasted. Resource-rich countries do not have a better record in sustaining peace. In fact, resource-related conflicts are more likely to relapse. Focusing on the relationship between high-value natural resources and peacebuilding in post-conflict settings, this book identifies opportunities and strategies for converting resource revenues to a peaceful future. Its thirty chapters draw on the experiences of forty-one researchers and practitioners – as well as the broader literature – and cover a range of key issues, including resource extraction, revenue sharing and allocation, and institution building. The book provides a concise theoretical and practical framework that policy makers, researchers, practitioners, and students can use to understand and address the complex interplay between the management of high-value resources and peace. High-Value Natural Resources and Post-Conflict Peacebuilding is part of a global initiative led by the Environmental Law Institute (ELI), the United Nations Environment Programme (UNEP), the University of Tokyo, and McGill University to identify and analyze lessons in natural resource management and post-conflict peacebuilding. The project has generated six edited books of case studies and analyses, with contributions from practitioners, policy makers, and researchers. Other books in the series address land; water; livelihoods; assessing and restoring natural resources; and governance.
Download or read book Colombia written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2009-11-10 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Peru written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2023-05-19 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Peru’s long track record of very strong economic fundamentals and institutional policy frameworks allowed the country to deploy a robust policy response to mitigate the impact of the pandemic and a subsequent successful withdrawal, while preserving macroeconomic stability and sustaining ample access to international capital markets. GDP growth slowed in 2022, falling below potential as the policy stimulus was withdrawn, the external backdrop turned more challenging, and political instability weighed on private investment. Growth is expected to remain subdued in 2023 and to converge gradually to potential over the medium term. Inflation rose in line with international trends but is expected to fall towards the upper end of the target range by year-end. The macroeconomic policy mix is broadly appropriate.
Download or read book Republic of Poland written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2016-01-13 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Poland’s performance under the Flexible Credit Line Arrangement. In recent years, Poland’s macroeconomic policies have focused on further strengthening fundamentals and institutional frameworks. Fiscal consolidation has led to an exit from the Excessive Deficit Procedure. Monetary policy has been eased to help lift inflation. Financial sector supervision has been strengthened with a new macroprudential framework. Reserves are broadly adequate against standard metrics. The new government has pledged to maintain prudent policies, including gradual fiscal consolidation over the medium term, and to ensure the continued stability of the banking system. In the period ahead, it will be important to identify specific growth-friendly measures to underpin the fiscal adjustment and reduce implementation risk.
Download or read book Republic of Poland written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-07-13 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Poland’s macroeconomic performance was strong in the decade leading up to the global crisis. Poland’s commitments to the EU Stability and Growth Pact helped lower the fiscal deficit and limit government debt. Its strong financial supervisory framework helped foster a well-capitalized banking system. A successor Flexible Credit Line arrangement for Poland will play an important role in supporting the government’s economic policy strategy. Although Poland’s underlying fundamentals remain strong, there are risks to the near-term outlook, considering its large and open capital markets.
Download or read book Chile written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2023-08-25 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following the overheating in 2021–22, the economy is approaching the end of its adjustment cycle towards more sustainable growth and lower inflation in a challenging external environment. The authorities are implementing very strong policies to preserve macroeconomic stability. The government has reform ambitions to raise tax revenues, reduce inequality, reform pensions and health care, and foster a green economy but is encountering strong resistance in a fragmented Congress.
Download or read book Colombia written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2013-07-10 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: This staff report on Colombia’s arrangement under the Flexible Credit Line highlights economic policies and development. Colombia’s economic performance in recent years has been very strong, underpinned by a very strong institutional framework and prudent macroeconomic management. Following a sharp slowdown in 2008–2009, output growth rebounded vigorously, and inflation stayed within the official target range. A very strong policy framework—comprising an inflation-targeting regime, a flexible exchange rate, effective financial sector supervisionand regulation, and a medium-term fiscal framework—provided policy space to undertake timely and effective countercyclical measures to mitigate the effects of the global financial crisis, and skillful policy management helped maintain strong growth with low inflation.
Download or read book Colombia written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2009-05-19 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses an arrangement under the Flexible Credit Line (FCL) for Colombia. Colombia is well placed to confront challenges posed by the ongoing global downturn. Access under an FCL arrangement of SDR 6.966 billion, which the authorities intend to treat as precautionary, would support Colombia’s policy framework and strategy, while reducing the likelihood of balance of payments pressures stemming from a change in investor sentiment. IMF staff believes that Colombia fully meets the FCL qualification criteria, and recommends approval of the arrangement.
Download or read book Colombia written by International Monetary Fund. Western Hemisphere Dept. and published by INTERNATIONAL MONETARY FUND. This book was released on 2014-06-25 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Colombia’s Review Under the Flexible Credit Line (FCL) Arrangement. Growth is projected to remain robust in 2014 and beyond, although risks are tilted to the downside. Real GDP is projected to grow at around potential in 2014 and over the medium term, with inflation remaining within the target range of 2–4 percent. However, Colombia remains vulnerable to external risks, including a sharp decline in oil prices and a surge in global financial market volatility. The IMF staff assesses that Colombia continues to meet the qualification criteria for access to FCL resources, and recommends completion of the review under the FCL arrangement for Colombia.
