1. Money
Justin Kuepper

Colombia Transitions to a Lending Economy

By December 18, 2012

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Colombia's economy has become strong enough to lend money to the International Monetary Fund rather than borrow from it, according to the IMF Director Christine Lagarde. The country now has a very small deficit and a balanced budget, which has provided it with stability.

"Colombia now has a very small deficit and a balanced debt and because of this their macroeconomic situation is very promising," said the IMF Director who also stated that Colombia's economy is currently doing better than the global economy.

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