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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Imprint: | Washington, D.C. : International Monetary Fund, ©2011. |
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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 |
Varying Form of Title: | Colombia, 2011 Article IV consultation |
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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. |
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