Search Results

You are looking at 1 - 10 of 108 items for :

  • "FCL qualification criteria" x
Clear All
International Monetary Fund. Western Hemisphere Dept.

, and Danjing Shen (all WHD). Contents CONTEXT RECENT DEVELOPMENTS OUTLOOK AND RISKS POLICIES FCL ACCESS LEVEL AND EXFT STRATEGY REVIEW OF QUALIFICATION SAFEGUARDS ASSESSMENT STAFF APPRAISAL BOX 1. Updated External Economic Stress Index FIGURES 1. Financial Market Developments 2. Recent Economic Developments 3. Recent External and Financial Developments 4. FCL Qualification Criteria 5. Reserve Coverage in an International Perspective 6. External Debt Sustainability: Bound Tests 7. Public Debt Sustainability Analysis (DSA

International Monetary Fund
This paper discusses key findings of the Review Under the Flexible Credit Line (FCL) for Colombia. The FCL arrangement has provided Colombia an additional coverage against adverse external shocks, in the context of strong monetary and fiscal policies. Colombia’s strong institutional and policy frameworks have created the scope to support domestic demand with prudently expansionary macroeconomic policies. The resources from the FCL have helped to bolster confidence in the country’s ability to withstand additional external shocks. In the IMF staff’s view, Colombia continues to fully meet the FCL qualification criteria.
International Monetary Fund

frameworks (including its flexible exchange rate, inflation targeting framework, medium term fiscal framework, and relatively low debt levels) created the scope to support domestic demand with prudently expansionary macroeconomic policies. The resources from the FCL helped bolster confidence in the country’s ability to withstand additional external shocks while carrying on those policies. 14. In the staff’s view, Colombia continues to fully meet the FCL qualification criteria . Colombia’s very strong fundamentals and institutional frameworks, as well as its proven track

International Monetary Fund
This paper discusses an arrangement under the Flexible Credit Line (FCL) for Colombia. Colombia is well placed to confront challenges posed by the ongoing global downturn. Access under an FCL arrangement of SDR 6.966 billion, which the authorities intend to treat as precautionary, would support Colombia’s policy framework and strategy, while reducing the likelihood of balance of payments pressures stemming from a change in investor sentiment. IMF staff believes that Colombia fully meets the FCL qualification criteria, and recommends approval of the arrangement.
International Monetary Fund. Western Hemisphere Dept.

and Mary Goodman This report was prepared by a staff team comprising Valerie Cerra, Naomi Griffin, Izabela Karpowicz, Pablo Morra (all WHD), Shuntaro Hara (SPR), and Mohamed Norat (MCM). Contents CONTEXT RECENT ECONOMIC AND POLICY DEVELOPMENTS OUTLOOK AND RISKS REVIEW OF QUALIFICATION SAFEGUARDS ASSESSMENT STAFF APPRAISAL BOXES 1. Market Developments Since Mid-2013, Role of Fundamentals and the FCL 2. External Risks Facing Colombia FIGURES 1. Recent Economic Developments 2. Financial Market Developments 3. FCL Qualification

International Monetary Fund. Western Hemisphere Dept.
Over the last quarter of a century, Peru has become one of the most dynamic economies in Latin America. During this period, Peru built very strong policy and institutional frameworks and economic fundamentals while maintaining external, financial, and fiscal stability. The strength of the Peruvian economy was tested with the COVID-19 pandemic in 2020, when the economy collapsed, leading to a significant deterioration of the fiscal accounts. Subsequently, the economy recovered strongly in 2021, and the fiscal position strengthened considerably, while inflationary pressures emerged (in line with global trends). However, Peru is bearing a very high humanitarian and economic cost from the COVID-19 pandemic, sizable under-employment, and a large increase in poverty. These challenges and recent social unrest related to high energy and food prices point to the need to accelerate structural reforms to foster high and inclusive growth. While political uncertainty has risen, with frequent cabinet reshufflings, the authorities remain committed to maintaining their very strong policy frameworks and prudent macroeconomic policies.
International Monetary Fund. Western Hemisphere Dept.
Colombia’s very strong policy frameworks and comprehensive policy response to the pandemic have supported the economy’s resilience. With stronger-than-expected growth last year, fiscal deficits and public debt are declining faster than anticipated, and the fiscal framework has been reactivated with a new fiscal rule and debt anchor. Further monetary policy tightening should drive inflation towards the central bank’s inflation target by mid-2024. Successful credit support measures in the financial sector are being phased out and, as discussed in the recent FSAP, financial sector supervision and regulation have been enhanced since the previous staff assessment. Overall, the authorities remain committed to maintaining their very strong policy framework as seen by steps taken to normalize policies from a crisis footing in the pandemic. Political assurances on policy continuity from the leading candidates provide a necessary safeguard for the proposed arrangement.
International Monetary Fund

This paper discusses key findings of the Review Under the Flexible Credit Line (FCL) for Colombia. The FCL arrangement has provided Colombia an additional coverage against adverse external shocks, in the context of strong monetary and fiscal policies. Colombia’s strong institutional and policy frameworks have created the scope to support domestic demand with prudently expansionary macroeconomic policies. The resources from the FCL have helped to bolster confidence in the country’s ability to withstand additional external shocks. In the IMF staff’s view, Colombia continues to fully meet the FCL qualification criteria.

International Monetary Fund

This paper discusses key findings of the Review Under the Flexible Credit Line (FCL) for Colombia. The FCL arrangement has provided Colombia an additional coverage against adverse external shocks, in the context of strong monetary and fiscal policies. Colombia’s strong institutional and policy frameworks have created the scope to support domestic demand with prudently expansionary macroeconomic policies. The resources from the FCL have helped to bolster confidence in the country’s ability to withstand additional external shocks. In the IMF staff’s view, Colombia continues to fully meet the FCL qualification criteria.

International Monetary Fund

This paper discusses an arrangement under the Flexible Credit Line (FCL) for Colombia. Colombia is well placed to confront challenges posed by the ongoing global downturn. Access under an FCL arrangement of SDR 6.966 billion, which the authorities intend to treat as precautionary, would support Colombia’s policy framework and strategy, while reducing the likelihood of balance of payments pressures stemming from a change in investor sentiment. IMF staff believes that Colombia fully meets the FCL qualification criteria, and recommends approval of the arrangement.