IMF Executive Board concludes 2021 Article IV consultation with Colombia

Directors took note of the temporary suspension of the fiscal rule to accommodate emergency spending to support the health care sector, households, and firms. Directors welcomed the planned fiscal reform and agreed that a return to the fiscal rule would safeguard the fiscal framework and anchor medium-term adjustment and public debt sustainability. In doing so, Directors stressed the importance of striking the right balance between flexibility and credibility.

Source: IMF