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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Fiscal consolidation will thus require increased revenue mobilization. The corporate sector is largely owned and controlled by family groups and conglomerates. The authorities estimate that the current account deficit will slightly narrow in the coming years on account of higher exports.

For projections, includes exchange rate changes during the projection period. Outstanding Purchases and Loans: The deficit of the combined public sector is projected to decline slightly to 0.

There are cross-cutting requirements associated with these areas, in order to overcome conditions of poverty and inequity, which are: They also underlined the risks of a slowdown in China, with possible adverse implications for oil prices, and agreed with staff that shocks in the region could have a significant impact on Colombia. President Juan Manuel Santos in office since is running for a second term. The RAM is intended to assess reserves for precautionary purposes and not for covering tail risks.

At the same time, the regression results show that export intensive companies suffered greater losses with real exchange rate appreciation compared to the companies that exported less. Staff and the authorities agreed that the flexible exchange rate regime plays an important role in helping the economy adapt to shifts in global economic and financial conditions. Moreover, risks to external stability are mitigated by a stable financing of the current account deficit, largely through foreign direct investment.

The basket and weights of the CPI were updated in according to the latest Income-Expenditure Survey —which resulted in an increase in the number of products collected. The monetary authorities have continued to build-up reserves with inofrme objective of keeping indicators at adequate levels.


INFORME ROSC by Ginita Lozada on Prezi

Investment was undertaken primarily by the private sector, and directed mainly to oil and mining, electricity, telecommunications, and the financial sector. International reserves appear adequate for precautionary purposes. The balance of payments is projected to remain in surplus, financing a broadly stable current account deficit.

Corporate Governance Country Assessment Palabras clave Insolvency and Creditor Rights;capital market law;legal and regulatory framework;protection of minority shareholder;clearance and settlement process;related party transactions Staff and the authorities concurred that Colombia has an adequate reserve buffer for normal times, though they might be insufficient to cope with tail risks Box 6. The mission encouraged the authorities to move forward with cost containment measures that can be implemented within the existing framework, in particular in the area of pharmaceutical prices, and to make efforts to clear arrears with hospitals.

In addition, the substantial foreign investment of recent years and the incorporation of new technologies have allowed the industry to attain a high reserve replacement rate of about percent for Ecopetrol in the last 5 yearswith the trend likely to continue.

Informe Colombia – FMI

Underlying Assumptions in percent Alternative Scenarios Composition of Public Debt Baseline Historical Constant Primary Balance 0 5 10 15 20 25 30 35 40 Gross Nominal Public Debt in percentof GDP projection 0 1 2 3 4 5 6 7 Public Gross Financing Needs in percentof GDP projection -5 0 5 10 15 20 25 30 35 40 45 50 By Maturity Mediumand long-term Short-term projection in lnforme GDP 0 5 10 colombiz 20 25 30 35 40 45 50 By Currency Local currency-denominated Foreign currency-denominated projection in percentof GDP.

Shocks in the region could also be a source of negative spillovers to Colombia.

Colombia is an interesting example of the interplay between legal changes and voluntary initiatives based on the incentive to attract capital. Staff welcomed the introduction of an improved quality of capital measure.

However, they began to move to a more neutral interest rate as the economy started to recover. Operations of large Colombian bank conglomerates represent over half of banking colmbia assets in El Salvador and over 20 percent in Panama, Nicaragua and Honduras. Financial Soundness Indicators In percent, unless otherwise indicated; end-of-period values.


It has put a minimum corporate governance disclosure regime in place for companies that wish to be eligible for pension fund investments.

Money market funds suffered important redemptions. Nonetheless, they saw room to enhance supervision of complex conglomerates and their exposure to concentration risk.


The program of interest subsidies on new mortgages granted to over 5, low income families since has been extended into and will cover up to 5 percentage points of the agreed interest rate for a 7-year period. Over the past decade, credit to the private sector has increased steadily, but this growth has mainly derived from an increase in the average size of loans, rather than the increase in the number of debtors IMF, The current account deficit amounted to 3. The Latin American trade partners are in turn exposed to shocks to the global economy, in particular in the U.

Female informal workers comprised a slightly larger share 53 percent than males. Colombia has maintained a robust economic performance in recent years. In response to stronger consumer loan provisioning since mid, growth in credit to the private sector continued to slow to In the past, the authorities have modified the foreign exchange intervention policy as necessary to preserve the credibility of the inflation-targeting regime, and are committed to continue doing it in the future.

Both NIIP and external debt are relatively low compared to peer countries and have remained so for several years.