01642cas a2200241 a 4500 AALejournalIMF001088 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451808797 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Colombia : Staff Report for the 1999 Article IV Consultation. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (62 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This 1999 Article IV Consultation highlights that the recession in Colombia intensified in 1999. The unemployment rate rose to a record 20 percent in September, while inflation fell to 9 1\2 percent and the current account deficit came down sharply. The fiscal position deteriorated markedly during the first half of 1999, largely as a result of weak tax collections and higher outlays on interests, wages, and pensions. As market sentiment toward Colombia remained unfavorable, the peso came under repeated pressure, and on September 27, 1999, the central bank allowed the currency to float. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 1999/149 Full text available on IMF http://elibrary.imf.org/view/journals/002/1999/149/002.1999.issue-149-en.xml IMF e-Library