Colombia : selected issues paper.

Colombia : selected issues paper.

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Bibliographic Details
Imprint:	Washington, D.C. : International Monetary Fund, 2014. ©2014
Description:	1 online resource (86 pages) : color illustrations.
Language:	English
Series:	IMF Country Reports ; no. 14/167 IMF country report ; no. 14/167.
Subject:	Economic development -- Colombia. Financial crises -- Colombia. Fiscal policy -- Colombia. Intermediation (Finance) -- Colombia. Economic development. Financial crises. Fiscal policy. Intermediation (Finance) Colombia. Electronic books.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12502941

Hidden Bibliographic Details
Other authors / contributors:	Griffin, Naomi, author. International Monetary Fund, issuing body.
ISBN:	1498302122 9781498302128
Notes:	"June 2014." "May 5, 2014"--Page 2 of pdf. "Prepared by Naomi Griffin [and others]"--Page 2 of pdf. Online resource; title from pdf title page (IMF Web site, viewed June 23, 2014).
Summary:	"Colombia has a strong fiscal framework that prescribes a prudent, albeit challenging, fiscal consolidation over the medium term. A number of changes have taken place over the past decade and a half to strengthen Colombia's fiscal framework, including the introduction of a structural balance rule at the central government level. This rule prescribes a path of adjustment over the medium-term, which would compare well to standard benchmarks on the intertemporal use of fiscal revenue from resource wealth. However, achieving the adjustment will be challenging. An increase in revenues could help achieve the consolidation envisioned in the fiscal framework without unprecedented or undesirable reductions in expenditure"--Abstract.
Standard no.:	10.5089/9781498302128.002

Description
Summary:	This Selected Issues paper analyzes spillover risks for Colombia. It highlights that external shocks could spill over to the Colombian economy through the country's important and growing trade and financial linkages with the rest of the world. Colombia would be most exposed to a decline in oil prices, which could have a sizable adverse impact on the balance of payments, the fiscal accounts and growth. Growth shocks in key trading partners could also have a negative impact, particularly in the United States, which is Colombia's main trading partner. Colombia's fiscal rule and adjustment in the context of resource wealth is also analyzed.
Item Description:	"June 2014." "May 5, 2014"--Page 2 of pdf. "Prepared by Naomi Griffin [and others]"--Page 2 of pdf.
Physical Description:	1 online resource (86 pages) : color illustrations.
ISBN:	1498302122 9781498302128