Colombia: Staff Report for the 2015 Article IV Consultation
IMF Staff Country Reports, June 8, 2015
Source details
- Canonical URL
- Colombia: Staff Report for the 2015 Article IV Consultation
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Bibliographic details
- Published: June 8, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513530215.002
Summary findings
- Colombia experienced strong growth over the past several years, described as among the highest in Latin America.
- Credible fiscal and inflation targeting frameworks supported sound macroeconomic policy management and underpinned robust economic performance during the last decade.
- Social indicators improved steadily over this period.
- Public debt remained low.
- The current account deficit widened to 5.2 percent in 2014, while capital inflows were buoyant.
Growth outlook and drivers
- Growth is expected to gradually rise toward its potential over the medium term.
- Projected support for growth includes:
- the government’s public–private partnership-based infrastructure program
- a gradual recovery in oil prices and external demand
Subject areas and keywords (as listed)
- Subject: Commodities, Economic sectors, External debt, Oil, Oil prices, Prices, Public debt, Public sector
- Keywords: Central America, CR, deficit, Europe, Global, government, house price growth, inflation expectation, inflation targeting framework, ISCR, monetary policy stance, Oil, oil price decline, Oil prices, Public sector