## Colombia: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Colombia

_IMF Staff Country Reports, April 29, 2019_

## Source details

**Canonical URL:** [Colombia: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Colombia](https://www.imf.org/en/publications/cr/issues/2019/04/29/colombia-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-46828)

## Other formats

- [Markdown version](/en/publications/cr/issues/2019/04/29/colombia-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-46828/index.md)
- [Structured JSON version](/en/publications/cr/issues/2019/04/29/colombia-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-46828/index.json)
- [Bundle manifest](/en/publications/cr/issues/2019/04/29/colombia-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-46828/bundle-manifest.json)

## Bibliographic details
- Published: April 29, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498311786.002

---

### Economic outlook and projections
- Recovery is gaining momentum despite weaker-than-expected external demand.
- Growth is expected to accelerate in 2019 to 3.6 percent.
- The current account deficit is expected to remain wide.
- Inflation is expected to remain close to target.

### Drivers of the recovery
- Rebounding investment.
- Continued policy support.
- Substantial migration from Venezuela contributing to activity.

### Risks and external balances
- External imbalances have widened.
- Weaker-than-expected external demand represents a downside risk to activity.

### Structural challenges and reform priorities
- Structural reforms are needed to boost inclusive growth and enhance external competitiveness.
- Key areas identified for policy action:
  - Addressing infrastructure gaps.
  - Strengthening governance and the rule of law.
  - Reducing informality.
  - Enhancing customs and other trade practices.
- The draft National Development Plan is identified as rightly setting key priorities and laying out a roadmap for reforms.

### Institutional context and policy framework
- Colombia’s economy is described as improving drastically and supported by very strong policy frameworks and well-executed policies.
- The authorities expect the recovery to gather momentum in 2019.

*IMF Staff Country Report No. 2019/106; Pages: 77; Volume: 2019; Issue: 106; DOI: https://doi.org/10.5089/9781498311786.002*

---

## Content in this bundle

- **1colea2019001**
  - [1colea2019001 (Markdown version)](/-/media/files/publications/cr/2019/1colea2019001.pdf.md){rel="alternate" type="text/markdown"}
  - [1colea2019001 (PDF)](/-/media/files/publications/cr/2019/1colea2019001.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2019/04/29/colombia-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-46828_