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’s economy is currently doing better than the global economy.
Colombian President Juan Manuel Santos described his meeting with Lagarde as “more of a courtesy visit.”