Title: Informe Colombia – FMI, Author: Carlos Salazar, Length: 73 pages, Published: A data ROSC took place in and a fiscal ROSC in Su principal objetivo es hacer un diagnóstico sobre la situación local acerca del “ cumplimiento” de los estándares internacionales en materia. INFORME ROSC LINA ARDILA DARSI GUEVAR ¿QUE ES EL INFORME ROSC? 1. MARCO LEGAL: Requisitos jurídicos y legales del país.

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Over 50 percent of smaller-sized companies with less than 20 employees identified access to finance as a major constraint for their operations in It is also important to reiterate that the fiscal rule enjoys broad support among key actors in Colombia and the government is fully committed to meeting its targets.

The peso depreciated and exchange rate volatility increased. Reserves to reserve adequacy metric in stands at percent compared to the rosd of to percent considered adequate lnforme precautionary purposes. The combined public sector balance is estimated to have slipped into a deficit of 1 percent of GDP, from a surplus of 0.

Google Buzz Stumble Upon Delicious. Similarly, spreads on 5-year credit default swaps, at 90 basis points on May 22, rose initially by over inforne basis points, later recovering and stabilizing at about 20 basis points above pre-May 22 levels.

Inthe fiscal target dictated by the fiscal rule for the central government of 2. Colombia inforrme the third largest local currency government bond market in Latin America, after Brazil and Mexico.


Awareness of the importance of corporate governance issues is growing. However, supervision of complex financial conglomerates and mixed conglomerates and exposure to concentration risk continue to pose challenges. Fewer people in held debit and credit cards, less than 5 percent of the population received government payments through bank accounts, and less than 10 percent held savings in a formal financial institution. The authorities indicated that the adoption of GFSM is currently in progress, and that contingent liabilities would continue to be reported in the medium-term fiscal framework.


Daily exchange rate volatility In percent. Exports and manufacturing were subdued but started to recover bolstered by both the exchange rate depreciation and a more dynamic external demand.

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The balance of payments posted a significant surplus, largely driven by strong foreign direct investment, which financed the current account deficit and strengthened international reserves. International reserves are accumulated through the program of pre-announced daily purchases in the FX market. Staff and the authorities concurred that the fiscal targets are prudent and appropriate on account of uncertainties related to oil revenues over the medium term, absent large new discoveries of oil reserves.

The banking system remained stable. Maintaining Financial Stability The WBG has been carrying out activities for which the Government or the private sector have expressed explicit need through financial, knowledge, and convening services. High Medium Use monetary policy to support growth; speed up execution of capital projects in the public sector.

Only about a third about 7 million of the employed population about 21 million contributes to a pension regime, with 4. This risk, however, is mitigated by a revamped legal framework for PPPs, approved in It is worth noting, however, that the pursued level of international reserves is considered adequate for precautionary purposes but would be insufficient to cope with tail risks.

Given well-anchored inflation expectations, inflation is expected to remain well within the target range throughout the forecast period.

There is scope to increase non-oil revenues, which are low by international standards, by broadening the tax base and reducing informality. Informal workers also earn and save less than their counterparts in the formal labor market, have lower access to financial services, and are more likely to find themselves in a difficult financial situation. Colombia is an interesting example of the interplay between legal changes and voluntary initiatives based on the incentive to attract capital.

In response to stronger consumer loan provisioning since mid, growth in credit to the private sector continued to slow to The authorities intend to undertake an ambitious infrastructure program to be executed through public-private partnerships.

Common benchmarks for the NRPB are those that maintain net public wealth constant as a percent of non-resource GDP, in real per capita terms, or in real terms. The current account deficit amounted to 3.


A significant portion of the commodity windfall was saved.

Informe Colombia – FMI

InColombia ranked out of countries according to the Global Competitiveness report on the quality of transport infrastructure. However, past experience with PPPs in Colombia has pointed to a high risk of contract renegotiations and the low effectiveness of contract monitoring.

Shocks in the region could affect Colombia through trade and financial channels. This report assesses the corporate governance policy framework, enforcement coloombia compliance practices in Colombia. Stock at the end of the previous period. Directors noted that the financial system is sound and financial supervision broadly effective.

About 80 percent of TES issuance is channeled through competitive auctions, held weekly, alternating between fixed rate and UVR bonds each week. Such a consolidation is projected to be achieved primarily through expenditure restraint. In response, the innforme have begun working on a more robust and comprehensive liquidity regulation for these entities. The authorities are also taking advantage of abundant foreign inflows, primarily foreign direct investment, to strengthen their international reserve buffer.

In Aprilthe central bank increased the policy interest rate by 25 basis points to 3. The solvency ratio of close to 15 percent is well above the regulatory minimum 9 percent and, since Augustit complies with the quality of capital required by Basel III.

The exchange rate depreciated by about 7 percent from May 22, to April 4,and foreign exchange market volatility increased Box 1. Statement by Maria Angelica Arbelaez, Alternate Executive Director for Colombia May 19, The Colombian authorities are grateful to the mission team for the constructive and fruitful discussions held inforne Bogota. Further reducing poverty, unemployment, inequality, and informality will require structural reforms in the labor market, and the fiscal and financial sectors.

Manufacturing output fell in the past two years, underperforming the rest of the economy.