Colombia: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Colombia
IMF Staff Country Reports, May 29, 2018
Source details
- Canonical URL
- Colombia: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Colombia
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Bibliographic details
- Published: May 29, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484357651.002
Outlook and main findings
- Colombia’s outlook is favorable as continued efforts to advance the structural reforms will foster economic diversification and productivity growth.
- The combined impact of the structural tax reform, a brighter outlook for oil prices and the authorities Fourth Generation infrastructure agenda will underpin investment while reducing Colombia’s relatively large infrastructure gap.
2017 performance and adjustment
- In 2017, adequate policy management brought Colombia near completion of its adjustment to large external shocks while further advancing inclusive growth.
- Economic growth moderated as private investment and consumption weakened in line with lower national income.
2018 and medium-term projections
- Economic growth is expected to rebound strongly in 2018 and further over the medium-term, led by strengthening investment and exports.
Policy measures and drivers
- Structural tax reform: cited as a contributor to underpinning investment.
- Oil prices: a brighter outlook for oil prices is identified as supportive for investment and revenues.
- Fourth Generation infrastructure agenda: expected to reduce the infrastructure gap and support investment.
Subject coverage and keywords
- Subject: Economic sectors, External debt, Fiscal policy, Fiscal stance, Inflation, Prices, Public debt, Public sector
- Keywords: Colombia's outlook, CR, Fiscal stance, Global, headline inflation, Inflation, inflation expectation, infrastructure agenda, infrastructure investment, investment rate, ISCR, oil revenue, price, Public sector, rate
Content in this bundle
- Country Report