Visibly excited, and going to his limited Spanish, the director of the International Monetary Fund, Christine Lagarde, reiterated the support of the entity to fund the post-conflict in Colombia. "peace is payable", said the head of the IMF before reiterating that the country will have flexible credit to cope with the post-war period.
Lagarde, along with other representatives of the international community attended to Cartagena to witness the historic signing of the end of the armed conflict between the colombian Government and the guerrilla oldest in the world, Farc.
"This peace process, it is the completion of a process and the beginning of a journey", said the Director of the IMF, who took the opportunity to remember that the entity has always been an ally of the country, and has therefore been a witness of its rise as an economic force.
The official stressed that peace is payable, and reminded the financial authorities of the country that this should "go hand in hand with macroeconomic stability and fiscal sustainability (…) and that is the reason why the board of the International Monetary Fund has approved a flexible credit line for the country."
Stressed Lagarde that the discipline of Colombia with their finances is the one that gives you credit facilities we are giving, "this line is only granted when there is macroeconomic stability, fiscal discipline and sustainability of public finances for the short and medium term."
On the flexible credit line that the country will be able to access noted that "operates as a guarantee of fiscal discipline and sustainability and to the macroeconomic stability of the country. It is important to clarify that not being given as a financial support, but as a guarantee."
he Added that the IMF has provided a line of credit for US$ 11.500 million for Colombia, and four other countries, can benefit from the conditions offered.
as Well, Lagarde acknowledged the efforts made by the authorities of the country to carry out the reforms that have been recommended by the bank and by other multilateral agencies.
"Colombia is one of the few countries that has introduced the necessary structural reforms, and will continue to enter to be fiscally responsible and sustainable. It’s an economy that had to move away from the predominance of the oil and that has had to diversify," said the IMF representative in the signing of the agreements.
he Highlighted the infrastructure plan of the roads (pathways fourth generation) as one of those reforms that are leading the country towards development with a successful policy of macroeconomic (in Addition: The agreement: a commitment by Colombia to the peace).
in The same way, he explained that these reforms that have been introduced have done so regardless of the progress of the peace process, for which the successful completion of this what that does is give an impetus to the development, the attraction of foreign direct investment additional, more confidence in the country, more security and more certainty for those looking to invest their money well around the world.
he Insisted Lagarde in the presence of the IMF in Cartagena is not something new, but the validation of what has come to be Colombia in the eyes of the world in recent years, "when examining the indicators, when looking at the yields of the bonds of debt, when you examine the ratings of the rating agencies, there is clearly a vote of international confidence to support Colombia."
on the other hand, the minister of Finance, Mauricio Cárdenas, who met with the Director of the IMF, noted that "the presence of Christine Lagarde it is determinant because it is a way of sending to the international community a very positive message: that the colombian economy has removed an obstacle, a hand brake, which restricted the growth of our country."
according to the owner of the portfolio of Finance, the participation of the main economic bodies in the world in the signing of the peace agreement, changes the landscape of Colombia before the international community.
The next Sunday, colombians will be validated at the ballot box the signed agreements and will begin the new path
Read also: What is the dividend of economic that will bring the peace?)
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