Balance of Payments - T
The Balance of Payments of Colombia registers all real and financial transactions with other world economies. It has two major accounts: current and financial accounts. The current account registers Colombia’s exports and imports of goods and services, primary income and current transfers (secondary income). The financial account, which is presented with the same sign of the current account, records the sources of external funding (if the current account is in deficit) or the ability to lend resources to the rest of the world (if there’s a surplus in the current account). The breakdown of financial flows comprises direct investment, portfolio investment, other investment (loans, trade credits and other financial movements) and the change in international reserves.
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