Colombia : arrangement under the flexible credit line -- Staff report ; Staff supplement ; Press release on the Executive Board discussion ; and Statement by the Executive Board Director for Colombia.

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Bibliographic Details
Imprint:	Washington, D.C. : International Monetary Fund, ©2013.
Description:	1 online resource (1 volume (various pagings).).
Language:	English
Series:	IMF country report ; no. 13/201 IMF country report ; no. 13/201.
Subject:	Economic development -- Colombia. Economic development. Economic history. Colombia -- Economic conditions. Colombia.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12502127

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Other authors / contributors:	International Monetary Fund.
ISBN:	9781475581010 1475581017 9781484339992
Notes:	"July 2013."
Summary:	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.

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