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Colombia can led to the IMF, says Christine Lagarde

Tuesday, December 11, 2012


Colombia's economy is so strong that it is in a position to lend money to the International Monetary Fund rather than borrow, said the director of the IMF on Monday.

"Colombia is in a situation where it can offer support to the IMF, which has not happened in the past. Colombia has enjoyed a macroeconomic policy that has given a lot of stability to the country," said Christine Lagarde, who is currently on a brief tour of Latin America.

"Colombia now has a very small deficit and a balanced debt and because of this their macroeconomic situation is very promising," said the IMF Director who also stated that Colombia's economy is currently doing better than the global economy.

Source: Colombia Reports