Colombia : 2011 Article IV consultation : staff report, public information notice on the Executive Board discussion, and statement by the Executive Director for Colombia /

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Bibliographic Details
Imprint:Washington, D.C. : International Monetary Fund, ©2011.
Description:1 online resource (64 pages)
Language:English
Series:IMF country report ; no. 11/224
IMF country report ; no. 11/224.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12499460
Hidden Bibliographic Details
Varying Form of Title:Colombia, 2011 Article IV consultation
Other authors / contributors:International Monetary Fund. Western Hemisphere Department.
ISBN:9781462357703
1462357709
Notes:"July 2011."
Online resource; title from PDF title page (IMF Web site, viewed October 11, 2011).
Summary: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 ex.
Description
Summary: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.
Item Description:"July 2011."
Physical Description:1 online resource (64 pages)
ISBN:9781462357703
1462357709