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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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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2011. "Colombia: 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Colombia," IMF Staff Country Reports 2011/224, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2011/224
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=25113
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    Citations

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    Cited by:

    1. André Moreira Cunha & Daniela Magalhães Prates & Fernando FerrariFilho, 2011. "Brazil Responses to the International Financial Crisis: A Successful Example of Keynesian Policies?," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 58(5), pages 693-714, December.
    2. Márcio Gomes Pinto Garcia, 2015. "Capital Controls and Implications for Surveillance and coordination: Brazil and Latin America," Textos para discussão 631, Department of Economics PUC-Rio (Brazil).
    3. Jean-Pierre Andre, 2011. "Economic Imbalances: New Zealand's Structural Challenge," Treasury Working Paper Series 11/03, New Zealand Treasury.
    4. International Monetary Fund, 2011. "India: 2010 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for India," IMF Staff Country Reports 2011/050, International Monetary Fund.
    5. Edwin M. Truman, 2011. "Asian regional policy coordination," Proceedings, Federal Reserve Bank of San Francisco, issue Nov, pages 247-292.
    6. International Monetary Fund, 2014. "Kingdom of Swaziland: Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 2014/223, International Monetary Fund.

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