Colombia - Recent economic developments and prospects

RETURN TC) REPORTS DESK R E S T R I C T E D WITHIN CUICIJLAIiIICOPY . WITHIN ~~~~~~~~~~~~Rre p o r t N o. WH_75a ONE WEEK TO BE RETURNED TO ARCHIV DIVSION This report was prepared for use within 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 DEVELOPMENT RECENT ECONOMIC DEVELOPMENTS AND PROSPECTS OF C OLOMBIA. July 23, 1958 Department of Operations Western Hemisphere  CURRENCY EQUIVALENTS Effective Rate .for Imports (end of May,< 1958) U.S. $1.00 a 7.50 pesos I peso * $:0.133 I million pesos * ;$133,000  TABLE OF CONT!mTS Page BASIC DATA i STjUMMA9RY AND COXNCLUSIONS ii I E 3CONOMIC GROITH 1 II - INFLATICN AZ\TD ITS CONTROL 4 Credit E)mansion 4 The Government Budget 6 The Outlook for Domestic Financial Stability 8 III _ TE BALANCE OF PAPIENTS AND EXTERNAL DEBT SERVICING IPROBLEaS 11 IV - CREDITWORTHINESS 18 Appendices I _ Settlement of the Backlog 20  Statistical ApDendix Tables 1, 2, 3 External Public Debt Tables 4, 5, 6 Economic Growth Tables 7, 8, 9, 10 iYIcnetary Develooments Tables 11, 12, 13, 1l., 15 Public Finance Tables 15, 16, 17, 18, 19 Balance of Payments  BASIC DATA Area 439,825 square miles Population 13.2 million (1