01820cas a2200241 a 4500 AALejournalIMF016848 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484390818 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Western Hemisphere Dept. Colombia : Arrangement Under the Flexible Credit Line and Cancellation of Current Arrangement- Press Release; and Staff Report. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (54 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 paper focuses on recent economic developments as well as the role of the flexible credit line (FCL) arrangement. Despite a large external shock, Colombia's economy showed remarkable resilience in 2015. The current account deficit reached a record level in 2015, but reserves remained stable. The banking system and corporate sector remained in good financial health. Growth will be subdued in the near future but is projected to gradually return toward potential. The FCL has served Colombia well. The previous FCL arrangements have been instrumental to cope with heightened external risks in recent years, complementing the authorities' policy response to economic shocks. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2016/154 Full text available on IMF http://elibrary.imf.org/view/journals/002/2016/154/002.2016.issue-154-en.xml IMF e-Library