Colom­bia’s poli­cies re­main solid: La­garde

The Pak Banker - - COMPANIES/BOSS -

Ms. Chris­tine La­garde, Man­ag­ing Di­rec­tor of the In­ter­na­tional Mon­e­tary Fund (IMF), af­ter meet­ing with Juan Manuel Santos, Pres­i­dent of Colom­bia said. "I had a very pro­duc­tive and pos­i­tive dis­cus­sion with Pres­i­dent Santos. We took stock of re­cent de­vel­op­ments in the global econ­omy, in­clud­ing lower oil and com­mod­ity prices and their im­pli­ca­tions for the over­all prospects for Latin Amer­ica and Colom­bia.

Colom­bia's eco­nomic per­for­mance re­mains solid. She com­mended the govern­ment's pol­icy re­sponse to the sharp drop in world oil prices by strength­en­ing fis­cal pol­icy more than re­quired un­der the fis­cal rule and by tight­en­ing mon­e­tary pol­icy while al­low­ing the ex­change rate to de­pre­ci­ate. The agenda to upgrade in­fra­struc­ture is a key re­form that will im­prove the coun­try's prospects over the medium term. She con­grat­u­lated the Pres­i­dent for his un­wa­ver­ing com­mit­ment to con­clude the peace process, which would en­hance the cli­mate for in­vest­ment and growth, es­pe­cially in ru­ral ar­eas.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.