## Colombia: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Colombia

_IMF Staff Country Reports, March 28, 2024_

## Source details

**Canonical URL:** [Colombia: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Colombia](https://www.imf.org/en/publications/cr/issues/2024/03/28/colombia-2024-article-iv-consultation-press-release-staff-report-and-statement-by-the-546903)

## Other formats

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## Bibliographic details
- Published: March 28, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400270703.002

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### Key findings and macroeconomic assessment
- "With the sharp growth slowdown in 2023 from an overheated post-pandemic position, the Colombian economy has reached more sustainable levels of economic activity and domestic demand."
- Market confidence has improved, but "risk premia remain high compared to peers."
- "Risks to the outlook have improved but remain elevated and to the downside."
- Important gains have been achieved in reducing imbalances, but policies should aim to "durably eliminate them while facilitating a smooth convergence of the economy to potential levels."

### Policy analysis and recommendations
- Maintain the track record of "very strong policies" to support Colombia’s capacity to respond to shocks.
- Continue to gradually normalize macroeconomic policy stances.
- Advance on the structural reform agenda to:
  - boost productivity,
  - encourage investment,
  - diversify the economy.
- The broad objectives of the administration’s equity and climate agenda are welcomed.

### Subjects and keywords
- Subject: Credit, Economic sectors, External debt, Inflation, International organization, Monetary policy, Money, Prices, Public debt, Public sector
- Keywords: authorities commitment, CPI basket, Credit, Global, Inflation, inflation expectation, liability positions vis-à-vis nonresident, Policy discussion, Public sector

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- **1colea2024001**
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_Source: https://www.imf.org/en/publications/cr/issues/2024/03/28/colombia-2024-article-iv-consultation-press-release-staff-report-and-statement-by-the-546903_