This volume provides a practical treatment of how to formulate a macroeconomic adjustment program. The selection of macroeconomic policies oriented to reestablish or maintain internal and external equilibrium, and their incorporation in a quantitative framework that encompasses the diverse sectors of the economy, constitutes a financial program. Preparation of a country’s financial program is a central element of courses offered by the IMF Institute. The focus here is on the case of Colombia during the period 1991–96, toward constructing an illustrative.
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