Colombia [electronic resource] : Selected Issues and Statistical Appendix.
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TextSeries: IMF Staff Country Reports; Country Report ; No. 99/6Publication details: Washington, D.C. : International Monetary Fund, 1999Description: 1 online resource (133 p.)ISBN: 1451808739 :ISSN: 1934-7685Subject(s): Current Account | External Borrowing | External Debt | Financial System | ColombiaAdditional physical formats: Print Version:: Colombia : Selected Issues and Statistical AppendixOnline resources: IMF e-Library | IMF Book Store Abstract: This Selected Issues paper and Statistical Appendix analyzes economic developments in Colombia during 1996-99. Output growth slowed sharply in 1996 and early 1997, but subsequently rebounded owing to stronger exports, a temporary boom in world coffee prices, and an easing of credit policy. Despite efforts at addressing the fiscal imbalances, the nonfinancial public sector deficit widened further to more than 4 percent of GDP in 1997. Monetary policy during 1996 and most of 1997 was geared toward stimulating domestic demand.
This Selected Issues paper and Statistical Appendix analyzes economic developments in Colombia during 1996-99. Output growth slowed sharply in 1996 and early 1997, but subsequently rebounded owing to stronger exports, a temporary boom in world coffee prices, and an easing of credit policy. Despite efforts at addressing the fiscal imbalances, the nonfinancial public sector deficit widened further to more than 4 percent of GDP in 1997. Monetary policy during 1996 and most of 1997 was geared toward stimulating domestic demand.
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