01928cas a2200241 a 4500 AALejournalIMF019351 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498316309 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Western Hemisphere Dept. Colombia : Review Under the Flexible Credit Line Arrangement-Press Release; and Staff Report. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (40 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 Colombia's recovery is gaining momentum on the back of strong domestic demand, with a wider current account deficit. As a key external shock, migration flows from Venezuela accelerated in 2018 and by end-December 1.5 million migrants were estimated to live in Colombia. Risks to global growth and financial stability are tilted to the downside and have increased somewhat relative to the last FCL approval according to the April 2019 WEO and GFSR. Given the importance of oil exports and non-resident holdings of local-currency bonds, Colombia remains exposed to lower global growth, including indirectly through lower oil prices, and a sudden reversal in investor sentiment. Colombia weathered last year's financial and oil market volatility well, however, as evidenced by stable spreads and local currency bond yields. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2019/141 Full text available on IMF http://elibrary.imf.org/view/journals/002/2019/141/002.2019.issue-141-en.xml IMF e-Library