Author/Editor:

International Monetary Fund. Western Hemisphere Dept.

Publication Date:

June 7, 2018

Electronic Access:

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Summary:

Colombia is near completion of a successful adjustment to large external shocks guided by its very strong economic policy framework and timely policy actions. The flexible exchange rate, combined with an inflation-targeting regime, effective financial sector supervision and regulation, and a fiscal rule, allowed the country to smooth the impact of a large permanent terms of trade deterioration. Amid continued strong appetite for Colombian assets, foreign participation in the local public debt and equity markets has continued to increase.

Series:

Country Report No. 18/150