Fiscal Risk Management for Development : The Case of Colombia

Colombia’s strong fiscal-institutional framework has been one of the main elements that explains the resilience of the Colombian economy to global economic turbulence. The consolidation of the fiscal framework has been a gradual process over the last 15 years and was strengthened with the enactment...

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Main Author:	Salazar, Natalia
Format:	Brief
Language:	en_US
Published:	World Bank, Washington, DC 2013
Subjects:	transparency fiscal risk fiscal-institutional framework structural fiscal reforms economic crises administrative decentralization pension system contingent liabilities macroeconomic adjustment transfers indebtedness fiscal sustainability risk management
Online Access:	http://hdl.handle.net/10986/16368

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recordtype	oai_dc
spelling	okr-10986-163682021-04-23T14:03:28Z Fiscal Risk Management for Development : The Case of Colombia Salazar, Natalia transparency fiscal risk fiscal-institutional framework structural fiscal reforms economic crises administrative decentralization pension system contingent liabilities macroeconomic adjustment transfers indebtedness fiscal sustainability risk management Colombia’s strong fiscal-institutional framework has been one of the main elements that explains the resilience of the Colombian economy to global economic turbulence. The consolidation of the fiscal framework has been a gradual process over the last 15 years and was strengthened with the enactment of the Responsibility and Transparency Law in 2003. This paper emphasizes the establishment of Medium Term Fiscal Plan (MTFF) which introduced a useful tool for macro-fiscal programming and set high standards for the transparency and management of fiscal policies and risks. 2013-12-06T15:14:09Z 2013-12-06T15:14:09Z 2013-11-11 http://hdl.handle.net/10986/16368 en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research Colombia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	transparency fiscal risk fiscal-institutional framework structural fiscal reforms economic crises administrative decentralization pension system contingent liabilities macroeconomic adjustment transfers indebtedness fiscal sustainability risk management
spellingShingle	transparency fiscal risk fiscal-institutional framework structural fiscal reforms economic crises administrative decentralization pension system contingent liabilities macroeconomic adjustment transfers indebtedness fiscal sustainability risk management Salazar, Natalia Fiscal Risk Management for Development : The Case of Colombia
geographic_facet	Colombia
description	Colombia’s strong fiscal-institutional framework has been one of the main elements that explains the resilience of the Colombian economy to global economic turbulence. The consolidation of the fiscal framework has been a gradual process over the last 15 years and was strengthened with the enactment of the Responsibility and Transparency Law in 2003. This paper emphasizes the establishment of Medium Term Fiscal Plan (MTFF) which introduced a useful tool for macro-fiscal programming and set high standards for the transparency and management of fiscal policies and risks.
format	Publications & Research :: Brief
author	Salazar, Natalia
author_facet	Salazar, Natalia
author_sort	Salazar, Natalia
title	Fiscal Risk Management for Development : The Case of Colombia
title_short	Fiscal Risk Management for Development : The Case of Colombia
title_full	Fiscal Risk Management for Development : The Case of Colombia
title_fullStr	Fiscal Risk Management for Development : The Case of Colombia
title_full_unstemmed	Fiscal Risk Management for Development : The Case of Colombia
title_sort	fiscal risk management for development : the case of colombia
publisher	World Bank, Washington, DC
publishDate	2013
url	http://hdl.handle.net/10986/16368
_version_	1764432988972515328

Fiscal Risk Management for Development : The Case of Colombia

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