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Colombia : 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Colombia
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Year: 2021 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

COVID-19 has taken a severe social and economic toll, including almost 60,000 deaths. With over 5 million jobs temporarily affected, Colombia recorded its largest recession on record. Since 2020H2, an uneven recovery with intermittent growth has been underway, led by private domestic demand. Staff expects only a gradual recovery in 2021 with economic activity not expected to return to pre-pandemic levels until the second half of 2022. Vaccinations began in February with plans to effectively cover the adult population. However, both external and domestic risks remain skewed to the downside.

Keywords

Vaccines.


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Canada : 2021 Article IV Consultation-Press Release and Staff Report
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Year: 2021 Publisher: Washington, D.C. : International Monetary Fund,

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The Canadian economy was operating at close to capacity and had strong policy buffers when the COVID-19 pandemic hit. Economic and social restrictions put in place in March 2020 helped to mitigate the first wave of the virus, but they came at a significant cost. There was an unprecedented decline in activity in the first half of 2020, followed by a strong rebound in the third quarter as virus-related restrictions were eased. With the onset of the second wave of the virus in late September sparking renewed restrictions across the country, the recovery has slowed. Looking ahead, the strength and durability of the recovery hinges on the evolution of the pandemic.


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Peru : 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Peru
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Year: 2021 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

Peru entered the pandemic with a sustained track record of implementing very strong policies amid very strong economic fundamentals and institutional policy frameworks, but was hit hard by the pandemic, which took a heavy toll in terms of human lives and economic output. Tensions between executive and legislative powers continue to affect institutional cohesion, but new general elections will be held in April-June 2021. The IMF Executive Board approved a two-year FCL arrangement in the amount of USD 11 billion (600 percent of quota) on May 28, 2020.


Book
Canada : Selected Issues
Author:
Year: 2021 Publisher: Washington, D.C. : International Monetary Fund,

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Book
Colombia : Selected Issues
Author:
Year: 2021 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract


Book
Peru : 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Peru
Author:
Year: 2021 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

Peru entered the pandemic with a sustained track record of implementing very strong policies amid very strong economic fundamentals and institutional policy frameworks, but was hit hard by the pandemic, which took a heavy toll in terms of human lives and economic output. Tensions between executive and legislative powers continue to affect institutional cohesion, but new general elections will be held in April-June 2021. The IMF Executive Board approved a two-year FCL arrangement in the amount of USD 11 billion (600 percent of quota) on May 28, 2020.


Book
Canada : 2021 Article IV Consultation-Press Release and Staff Report
Author:
Year: 2021 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

The Canadian economy was operating at close to capacity and had strong policy buffers when the COVID-19 pandemic hit. Economic and social restrictions put in place in March 2020 helped to mitigate the first wave of the virus, but they came at a significant cost. There was an unprecedented decline in activity in the first half of 2020, followed by a strong rebound in the third quarter as virus-related restrictions were eased. With the onset of the second wave of the virus in late September sparking renewed restrictions across the country, the recovery has slowed. Looking ahead, the strength and durability of the recovery hinges on the evolution of the pandemic.


Book
Canada : Selected Issues
Author:
Year: 2021 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract


Book
Colombia : Selected Issues
Author:
Year: 2021 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract


Book
Colombia : 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Colombia
Author:
Year: 2021 Publisher: Washington, D.C. : International Monetary Fund,

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Bookmark

Abstract

COVID-19 has taken a severe social and economic toll, including almost 60,000 deaths. With over 5 million jobs temporarily affected, Colombia recorded its largest recession on record. Since 2020H2, an uneven recovery with intermittent growth has been underway, led by private domestic demand. Staff expects only a gradual recovery in 2021 with economic activity not expected to return to pre-pandemic levels until the second half of 2022. Vaccinations began in February with plans to effectively cover the adult population. However, both external and domestic risks remain skewed to the downside.

Keywords

Vaccines.

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