## 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](https://www.imf.org/en/publications/cr/issues/2018/05/29/colombia-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-45898)

## Other formats

- [Markdown version](/en/publications/cr/issues/2018/05/29/colombia-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-45898/index.md)
- [Structured JSON version](/en/publications/cr/issues/2018/05/29/colombia-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-45898/index.json)
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## Bibliographic details
- Published: May 29, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484357651.002

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### 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

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2018/cr18128-colombiabundle.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2018/cr18128-colombiabundle.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2018/05/29/colombia-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-45898_