Uncertainty makes economic and project management more difficult for any entity. This is especially true for sovereigns that have experienced substantial financial volatility and shocks throughout the 1990s, particularly those with substantial debt and commodity price exposures. Furthermore, the development of a strategic approach at the country level for analysis of that uncertainty has lagged behind, as most approaches exclude, for example, trade flows and fiscal dimensions. A World Bank (WB) research project undertook to rectify that situation. In this paper, we present a case study for Colombia of the tools developed in that research project. We look at only one small aspect of the issues in order to illustrate how these tools could be applied and what might be examined.
展开▼
