Colombia - Current economic position and prospects

R E ST R I C T E D RETURN TO REPORTS DESK R e p o r t N o. W.H. WITHIN FILE, COPYI ONE WEEK This docuiment was prepared for internal use in the Bank. In making it available to others, the Bank assumes no responsibility to them for the accuracy or completeness of the information contained herein, INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENI CURRENT ECONOMIC POSITION AND PROSPECTS OF COLOMBIA May 31, 1956 Department of Operations Westrri Hemisphere  CURRENCY EQUIVALENTS Official Selling tlate U.S. $ 1.00 = 2.51 pesos 1 peso = $ 0.398 1 million pesos = $ 398,400 Official Buying Rate U.S. $ 1.00 = 2.50 pesos  C O N T B N T S Page Basic Data Cha3rts CO")CLUSIOVS i-if I. INTRODUC'IONlo II. RtOPDJCTION: RECEiNT GC,0CTFi% .NHD PROSPECTS Agriculture . .......... pose 1 Petroleut , ..... .... ....... 4 v ianufacturin 0 ... ......... .. Electric Poafer .. ............... . 5 Transportation ............ . ...., . 5 III. DOMTE,STrIC FIIiYqMCIAL DVPULOPV. -NTS Private Sector .........1. * ............. 6 Public Finance . ....... ... * 0.. .. 7 Prospects . . . . . . . . . ... 9 .V. FO?R.!GO TRAlE ATND PAImEIET'S: RECENT DEVELOPEMETS AiD PHOSEECTS Deterioration of Short-term Financial Position 10 Balance of Paynents Prospects ........ 3.1 Credltworthiness I*. . . . ... .............. . ... 15 STATISTICAL ADPiEIX 17-28  STATIS?TIG.L APPFLiDIX Exte,rila IX.b,It 1., S.i-,!;or-y,> of ColomrTia'z E:t L',v1 Public Dubt 0.1tct-'ri:n- at DCcc-: 31, 1955. 17 2. Estjy.iat.2d Cortltr ctc;al Inti-:rest anc'd 'OtZ'i1 Fae,yents on Col0c7Lbia's D,tLrnal TX.bt. 18 Incoo.ie adn. Production T aioinaL Inco:;i. Accomnts, 1951-5I4. 19 4. Agricul,turel1 Pr odluction. 20 5. Coffjc- Exports and Pric;s. 20 6. Pvoc't-iction E nd Lxports of Crude PetioleuT-. 21 7. Production ol ivtefincid PetrA1eiD:l Pro&l&ctLi. 21 8. Productuion of Selectd -- nnfacIu