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Colombia: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Colombia
Author:
International Monetary Fund. Western Hemisphere Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2017: Issue 138
Language:
English
Publication Date:
31 May 2017
DOI:
https://doi.org/10.5089/9781484302163.002
ISBN:
9781484302163
ISSN:
1934-7685
Pages:
63
Keywords:
ISCR; CR; inflation expectation; monetary policy; financial system; output gap; inflation pressure; Banco de la República; FX liquidity risk; bank portfolio; Public sector; Credit; Global
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund