Colombia:Selected Issues Paper ePub (Adobe DRM) download by International Monetary Fund. West Dept.

Colombia:Selected Issues Paper

INTERNATIONAL MONETARY FUND
Publication date: June 2014
ISBN: 9781498331012
Digital Book format: ePub (Adobe DRM)

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This Selected Issues paper analyzes spillover risks for Colombia. It highlights that external shocks could spill over to the Colombian economy through the country’s important and growing trade and financial linkages with the rest of the world. Colombia would be most exposed to a decline in oil prices, which could have a sizable adverse impact on the balance of payments, the fiscal accounts and growth. Growth shocks in key trading partners could also have a negative impact, particularly in the United States, which is Colombia’s main trading partner. Colombia’s fiscal rule and adjustment in the context of resource wealth is also analyzed.
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