Colombia: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Colombia

May 31, 2017

Preview Citation

Format: Chicago

Colombia: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Colombia, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Summary

This 2017 Article IV Consultation highlights Colombia’s favorable outlook, underpinned by the peace agreement, structural tax reform, and the authorities’ infrastructure agenda. Economic activity will rebound slightly in 2017 as investment strengthens, boosted by reduced corporate taxation and confidence stemming from the peace agreement. Nontraditional exports are gaining steam thanks in part to ongoing efforts to reduce trade barriers, and this will help bring the current account deficit to its equilibrium level. Medium-term growth will be driven by economic diversification away from oil, which will benefit from the infrastructure agenda, and the peace agreement, which will improve competitiveness and regional development.

Subject: Credit, Economic sectors, Expenditure, External debt, Money, Public debt, Public sector

Keywords: Banco de la República, Bank portfolio, CR, Credit, Financial system, FX liquidity risk, Global, Inflation expectation, Inflation pressure, ISCR, Monetary policy, Output gap, Public sector

Publication Details

Pages:

63
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/138
Stock No:

1COLEA2017001
ISBN:

9781484302163
ISSN:

1934-7685

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