Colombia: First Review of the Extended Arrangement : Staff Report, News Brief on the Executive Board Discussions, and Statement by the Authorities of Colombia
International Monetary Fund, 2001 - Colombia - 60 pages
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0.2 percent achieved additional adjusted Banco bank restructuring bank's Bogota budget carry-over capital ceiling central administration central bank Colombian authorities combined public sector commitment basis core inflation criterion current account currently before congress December declined disbursement discussions domestic assets electricity distribution envisaged exchange rate expected expenditure exports Extended Arrangement external debt financial institutions financial sector restructuring financial system financial transactions tax fiscal adjustment fiscal consolidation fiscal deficit fiscal responsibility law FOGAFIN government's higher income increase interest rates international reserves investment loans millions of U.S. monetary base monetary policy monitoring NFPS deficit nonfinancial public sector oil prices percent of GDP performance criteria peso Plan Colombia Present to congress private sector privatization proceeds privatization program Prog prudential indicators public banks public sector deficit recent reduced remain September social security spending strengthen structural reform agenda tax package territorial governments U.S. dollars unpaid bills urged the authorities value-added taxes