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Board Discussions
on Colombia:

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April 29, 2016
May 18, 2015
January 23, 2013
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Article IV Staff Reports

Financial Sector Assessment Program

Projected % Change
   2016  2017
Real GDP 2.5 3
Consumer Prices 7.3 3.4
Source: World Economic Outlook (April 2016)
Please refer to more recent Press Release/Staff reports on this country for possible revisions.

Colombia: Financial Position in the Fund


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Colombia and the IMF
Updated May 5, 2016

Show all items sorted by date | Annual Meetings Speeches (6) | Article IV Staff Reports (10) | IMF Survey Online (8) | IMF Surveys (3) | IMFC Statements (5) | Letters of Intent (11) | Mission Concluding Statements (2) | News Briefs (9) | Press Releases (42) | Public Information Notices (11) | Publications (86) | Speeches (8) | Staff Papers (1) | Transcripts (23) | Financial Sector Assessment Program (2) 
Annual Meetings Speeches
October 09, 2015 -- Statement by the Hon. Mauricio Cardenas Santamaria, Governor of the World Bank Group for Colombia
PDF File Size: 352Kb
October 09, 2014 -- Statement by the Hon. Mauricio Cardenas Santa Maria, Alternate Governor of the IMF and Governor of the World Bank Group for Colombia
PDF File Size: 204Kb
September 23, 2011 -- Statement by the Hon. Juan Carlos Echeverry, Governor of the World Bank Group for Colombia
PDF File Size: 495Kb
October 08, 2010 -- Statement by the Hon. Juan Carlos Echeverry Garzon, Alternate Governor of the IMF for Colombia
PDF File Size: 457Kb
September 24, 1997 -- Statement by the Hon. Jose Antonio Ocampo GAVIRIA, Governor of the World Bank and Temporary Alternate Governor of the IMF for Colombia on behalf of the Latin American Governors of the World Bank, at the Joint Annual Discussion.
PDF File Size: 33Kb
September 23, 1997 -- Statement by the Hon. Carlos A. Massad, Governor of the World Bank and the Fund for Chile on behalf of the Latin American Governors of the Fund, at the Joint Annual Discussion.
PDF File Size: 34Kb
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Article IV Staff Reports
June 08, 2015 -- Colombia: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Colombia
Series: Country Report No. 15/142
May 28, 2014 -- Colombia: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Colombia
Series: Country Report No. 14/141
August 02, 2011 -- Colombia : 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Colombia
Series: Country Report No. 11/224
May 03, 2010 -- Colombia: 2010 Article IV Consultation - Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Authorities of Colombia
Series: Country Report No. 10/105
January 26, 2009 -- Colombia: 2008 Article IV Consultation - Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Colombia
Series: Country Report No. 09/23
January 28, 2008 -- Colombia: 2007 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
Series: Country Report No. 08/31
November 16, 2006 -- Colombia: 2006 Article IV Consultation and the Third and Final Review Under Stand-By Arrangement - Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Colombia
Series: Country Report No. 06/408
May 09, 2005 -- Colombia: 2005 Article IV Consultation and Fourth Review Under the Stand-By Arrangement, Requests for Waiver of Nonobservance of Performance Criteria and the Completion of the Fourth Review, and Request for Stand-By Arrangement--Staff Reports; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Colombia
Series: Country Report No. 05/154
January 24, 2003 -- Colombia: 2002 Article IV Consultation and Request for Stand-By Arrangement--Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Colombia
Series: Country Report No. 03/19
April 23, 2001 -- Colombia: 2001 Article IV Consultation and Second Review Under the Extended Arrangement--Staff Report; Staff Supplement; Public Information Notice and News Brief on the Executive Board Discussion; and Statement by the Authorities of Colombia
Series: Country Report No. 01/64
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IMF Survey Online
April 15, 2016 -- IMF Survey : Structural Reforms Necessary, Politically Difficult
Reforms to the structure of a country’s economy to make it more productive and boost long-term growth are among the toughest to achieve, given opposition from vested interests, the rise of populism, and competing views about which reforms to undertake, when, and how.
November 24, 2015 -- IMF Survey : Designing Flexible Fiscal Regimes to Protect Revenues
Protecting the tax base of extractive industries, moving toward more responsive and flexible fiscal regimes, and improving international cooperation have become priorities in the Andean region, as commodity prices and revenues from extractive industries continue to decline, participants at a recent IMF conference heard.
June 08, 2015 -- IMF Survey : Drop in Oil Prices Poses Challenges for Colombia
The sharp drop in oil prices poses significant challenges to Colombia’s near-term outlook, but strong economic policies are expected to moderate the growth slowdown in 2015, said the IMF in its annual assessment of the Colombian economy.
May 28, 2014 -- IMF Survey : Reform Efforts to Help Sustain Growth in Colombia
A sound policy framework and skilled economic management have supported the recovery of the Colombian economy over the past year, said the IMF in its regular assessment of Latin America’s fourth largest economy.
February 04, 2013 -- IMF Survey : Colombia: Sound Policies, Reform Agenda Behind Strong Growth
Prudent economic policy management and a strong policy framework have supported Colombia’s remarkable economic performance in recent years and its resilience to adverse shocks, said the IMF in its regular assessment of Latin America’s fourth largest economy.
May 09, 2011 -- IMF Survey: IMF Approves $6.2 Billion Credit Line for Colombia
The IMF's Executive Board has approved a new $6.2 billion credit line for Colombia to provide additional protection in a still uncertain global environment and help bolster confidence in the country's ability to withstand external shocks.
May 06, 2009 -- IMF Survey: Facing Global Crisis, Latin America Now More Resilient
Economic activity in Latin America and the Caribbean is expected to contract by 1½ percent in 2009, from about 4½ percent growth in 2008, but is better prepared than in the past to face the global crisis, says the latest IMF forecast for the region.
April 21, 2009 -- IMF Survey: Colombia Seeks $10.4 Billion Credit Line from IMF
Colombia becomes the third country to seek access to a new IMF credit line for strong performing countries, requesting $10.4 billion to bolster its economy in the face of the global recession.
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IMF Surveys
January 29, 2007 -- IMF Survey:
Montenegro, IMF membership, Peru loan, Lebanon, Murilo Portugal interview, IMF technical assistance (TA), Vietnam and WTO, Colombia, foreign direct investment, gender and economics, Arab economies, France and 35-hour week. PDF File Size: 935Kb
June 06, 2005 -- IMF Survey:
IEO report on capital account liberalization; Colombia; De Rato in Niger; Cotton conference; Structured finance; Cost of reserves; New Zealand; Quality of public investment; HIPC debt relief; Mandela at Brookings. PDF File Size: 687Kb
July 08, 2002 -- IMF Survey:
Group of Eight summit; Rogoff's discontent with Stiglitz; Aninat on Colombia; Köhler on Argentina; Uruguay loan boosted; Deaton on poverty count; budget cuts in poor countries; Köhler at ECOSOC; Turkey drawing; and are African exporters more productive? PDF File Size: 779Kb
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IMFC Statements
October 09, 2015 -- Statement by José Darío Uribe, Governor, Banco de la República, Colombia
On behalf of: Colombia, Costa Rica, Spain, Guatemala, Honduras, Mexico, El Salvador, República Bolivariana de Venezuela. PDF File Size: 236Kb
April 18, 2015 -- IMFC Statement by Luis de Guindos, Minister of Finance, Spain
On behalf of: Colombia, Costa Rica, Spain, Guatemala, Honduras, Mexico, El Salvador, República Bolivariana de Venezuela. PDF File Size: 152Kb
October 12, 2013 -- IMFC Statement by Luis de Guindos, Minister of Finance and Competitiveness of Spain
On behalf of: Colombia, Costa Rica, Spain, Guatemala, Honduras, Mexico, El Salvador, República Bolivariana de Venezuela. PDF File Size: 218Kb
October 13, 2012 -- IMFC Statement by Mr. Guido Mantega Minister of Finance, Brazil
On behalf of: Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, Trinidad and Tobago. PDF File Size: 368Kb
April 21, 2012 -- IMFC Statement by Mr. Guido Mantega, Minister of Finance of Brazil
On behalf of: Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, Trinidad and Tobago. PDF File Size: 335Kb
September 24, 2011 -- IMFC Statement by Mr. Guido Mantega, Minister of Finance of Brazil
On behalf of: Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, Trinidad and Tobago. PDF File Size: 101Kb
April 16, 2011 -- IMFC Statement by Guido Mantega, Minister of Finance, Ministerio da Fazenda, Brazil
On behalf of: Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, Trinidad and Tobago. PDF File Size: 336Kb
October 09, 2010 -- IMFC Statement by Guido Mantega, Minister of Finance, Ministerio da Fazenda, Brazil
On behalf of: Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, Trinidad and Tobago. PDF File Size: 282Kb
April 24, 2010 -- IMFC Statement by Guido Mantega Minister of Finance, Ministerio da Fazenda Brazil
On behalf of: Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, Trinidad and Tobago. PDF File Size: 329Kb
October 04, 2009 -- IMFC Statement by the Honourable Guido Mantega
On behalf of: Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, Trinidad and Tobago. PDF File Size: 293Kb
April 25, 2009 -- IMFC Statement by Mr. Guido Mantega, Minister of Finance of Brazil
On behalf of: Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, Trinidad and Tobago. PDF File Size: 197Kb
October 11, 2008 -- IMFC Statement by Guido Mantega, Minister of Finance of Brazil
On behalf of: Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, Trinidad and Tobago. PDF File Size: 343Kb
April 12, 2008 -- IMFC Statement by Mr. Guido Mantega Minister of Finance of Brazil
On behalf of: Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, Trinidad and Tobago. PDF File Size: 292Kb
October 20, 2007 -- IMFC Statement by Guido Mantega, Minister of Finance, Brazil
On behalf of: Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, Trinidad and Tobago. PDF File Size: 176Kb
September 17, 2006 -- IMFC Statement by Mr. Guido Mantega, Minister of Finance of Brazil
On behalf of: Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, Trinidad and Tobago. PDF File Size: 218Kb
September 28, 2002 -- IMFC Statement by Mr. Pedro Malan, Minister of Finance of Brazil, on behalf of the Constituency comprising Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, and Trinidad and Tobago
The International Monetary and Financial Committee statement on behalf of the Constituency comprising Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, and Trinidad and Tobago
April 20, 2002 -- Statement by Mr. Pedro Malan, Minister of Finance of Brazil to the International Monetary and Financial Committee, Washington, D. C., April, 20, 2002
The International Monetary and Financial Committee statement on behalf of the constituency comprising Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Spain, Venezuela
November 17, 2001 -- Statement by Mr. Pedro Malan, Minister of Finance of Brazil, at the International Monetary and Financial Committee, Ottawa, November 17, 2001
The International Monetary and Financial Committee member for the constituency consisting of Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, and Trinidad and Tobago
April 29, 2001 -- Statement by Mr. Pedro Malan, Minister of Finance of Brazil to the International Monetary and Financial Committee Meeting April 29, 2001
The International Monetary and Financial Committee member for the constituency consisting of Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, and Trinidad and Tobago
September 24, 2000 -- Statement by Carlos Saito G-24 Chairman to the Second Meeting of the International Monetary and Financial Committee, September 24, 2000
Speaking as the Chairman of the Intergovernmental Group of 24 on International Monetary Affairs
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Letters of Intent
October 16, 2006 -- Colombia -- Letter of Intent, October 16, 2006
PDF File Size: 404Kb
May 23, 2006 -- Colombia -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, May 23, 2006
PDF File Size: 408Kb
September 26, 2005 -- Colombia -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, September 26, 2005
PDF File Size: 269Kb
April 13, 2005 -- Colombia -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, April 13, 2005
PDF File Size: 364Kb
June 15, 2004 -- Colombia -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, June 15, 2004
This Letter of Intent of the government of Colombia describes the policies that Colombia intends to implement in the context of its request for financial support from the IMF.
May 23, 2003 -- Colombia -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, May 23, 2003
This Letter of Intent of the government of Colombia describes the policies that Colombia intends to implement in the context of its request for financial support from the IMF.
December 02, 2002 -- Colombia -- Letter of Intent, Memorandum of Economic Policy, and Technical Memorandum of Understanding, December 2, 2002
This Letter of Intent of the government of Colombia describes the policies that Colombia intends to implement in the context of its request for financial support from the IMF.
December 20, 2001 -- Colombia Letter of Intent and Technical Memorandum of Understanding, December 20, 2001
This Letter of Intent of the government of Colombia describes the policies that Colombia intends to implement in the context of its request for financial support from the IMF.
February 23, 2001 -- Colombia Letter of Intent and Technical Memorandum of Understanding, February 23, 2001
This Letter of Intent of the government of Colombia describes the policies that Colombia intends to implement in the context of its request for financial support from the IMF.
August 22, 2000 -- Colombia Letter of Intent and Technical Memorandum of Understanding, August 22, 2000
This Letter of Intent of the government of Colombia describes the policies that Colombia intends to implement in the context of its request for financial support from the IMF.
December 03, 1999 -- Colombia Letter of Intent, December 3, 1999
This Letter of Intent of the government of Colombia describes the policies that Colombia intends to implement in the context of its request for financial support from the IMF.
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Mission Concluding Statements
March 18, 2016 -- Colombia: Concluding Statement of the 2016 Article IV Mission
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
March 24, 2015 -- Colombia: Concluding Statement of the 2015 Article IV Mission
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News Briefs
December 09, 2002 -- News Brief: IMF Managing Director Horst Köhler's Remarks in Colombia
December 04, 2002 -- News Brief: IMF Managing Director to Visit Brazil, Colombia and Chile
January 25, 2002 -- News Brief: IMF Completes Third Review of Colombia's Extended Arrangement
March 28, 2001 -- News Brief: IMF Completes Second Review Under the Extended Arrangement for Colombia
February 26, 2001 -- News Brief: IMF Management Approves Letter of Intent for Colombia's Second Year Under the EFF
September 08, 2000 -- News Brief: IMF Completes First Colombia Review
April 11, 2000 -- News Brief: President of Colombia Meets IMF Acting Managing Director
November 11, 1999 -- News Brief: IMF Announces Conclusion of Staff Negotiations with Colombia
September 24, 1999 -- News Brief: IMF and Colombia Reach Understandings on Economic Program
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Press Releases
February 05, 2016 -- Press Release: Statement by Christine Lagarde, IMF’s Managing Director on her Meeting with Juan Manuel Santos, President of Colombia
June 17, 2015 -- Press Release: IMF Executive Board Approves New Two-Year US$5.45 Billion Flexible Credit Line Arrangement for Colombia
May 29, 2015 -- Press Release: IMF Executive Board Concludes 2015 Article IV Consultation with Colombia
October 08, 2014 -- Press Release: IMF Managing Director Christine Lagarde Honors Latin America Essay Contest Finalists
July 24, 2014 -- Press Release: IMF Announces Finalists for Student Essay Contest: “How to Build a Better Future for Latin America”
June 18, 2014 -- Press Release: IMF Executive Board Completes Review of Colombia’s Performance under the Flexible Credit Line
May 19, 2014 -- Press Release: IMF Executive Board Concludes Article IV Consultation with Colombia
March 14, 2014 -- Press Release: IMF Concludes 2014 Article IV Consultation Mission to Colombia
June 24, 2013 -- Press Release: IMF Executive Board Approves Successor Two-Year US$ 5.84 billion Flexible Credit Line for Colombia
May 06, 2013 -- Press Release: Statement by IMF Deputy Managing Director Nemat Shafik on Colombia’s Interest in a New Flexible Credit Line
December 11, 2012 -- Press Release: Statement by IMF Managing Director Christine Lagarde at the Conclusion of her Visit to Colombia
November 19, 2012 -- Press Release: IMF Concludes 2012 Article IV Mission to Colombia
August 24, 2012 -- Press Release: Third Latin American Treasury Forum Seminar in Colombia Discusses Best Practices in Government Treasury Management
May 04, 2012 -- Press Release: IMF Executive Board Completes Review of Colombia’s Performance under the Flexible Credit Line
May 06, 2011 -- Press Release: IMF Executive Board Approves New Two-Year US$6.22 Billion Flexible Credit Line Arrangement for Colombia
April 08, 2011 -- Press Release: IMF First Deputy Managing Director John Lipsky Welcomes Colombia’s Interest in a New Flexible Credit Line
May 07, 2010 -- Press Release: IMF Executive Board Approves US$3.46 billion Arrangement for Colombia Under the Flexible Credit Line
April 14, 2010 -- Press Release: Statement by IMF First Deputy Managing Director John Lipsky on Colombia
February 16, 2010 -- Press Release: Statement by an IMF Mission to Colombia
October 28, 2009 -- Press Release: IMF Executive Board Completes Review of Colombia’s Performance under the Flexible Credit Line
June 26, 2009 -- Press Release: Statement of the IMF Mission to Colombia
May 11, 2009 -- Press Release: IMF Executive Board Approves US$10.5 Billion Arrangement for Colombia Under the Flexible Credit Line
April 20, 2009 -- Press Release: Statement by IMF Managing Director Dominique Strauss-Kahn on Colombia
November 07, 2008 -- Press Release: Statement of the IMF Mission for Colombia
June 27, 2008 -- Press Release: Statement of the IMF Mission for Colombia
November 09, 2007 -- Press Release: Statement of the IMF Mission for Colombia
May 30, 2007 -- Press Release: Statement of the IMF Mission for Colombia
October 31, 2006 -- Press Release: IMF Executive Board Completes Final Review Under Colombia's Stand-By Arrangement
June 14, 2006 -- Press Release: IMF Executive Board Completes Second Review of Colombia's Stand-By Arrangement
March 10, 2006 -- Press Release: Statement by IMF Mission to Colombia
December 09, 2005 -- Press Release: Statement by an IMF Mission to Colombia
October 24, 2005 -- Press Release: IMF Executive Board Completes First Review Under the Stand-By Arrangement for Colombia
September 02, 2005 -- Press Release: Statement by an IMF Staff Mission to Colombia
April 29, 2005 -- Press Release: IMF Executive Board Approves US$ 613 million Stand-By Arrangement for Colombia
February 16, 2005 -- Press Release: IMF Managing Director Rodrigo de Rato's Statement at the Conclusion of his Visit to Colombia
June 30, 2004 -- Press Release: IMF Executive Board Completes Third Review Under Stand-By Arrangement for Colombia and Approves US$284 Million Disbursement
April 23, 2004 -- Press Release: IMF Staff Statement on the Conclusion of the Third Review Discussions Under Colombia's Stand-By Arrangement
January 12, 2004 -- Press Release: IMF Completes Second Review of Colombia's Stand-By Arrangement, Approves US$145 Million Disbursement and Grants Waivers
June 11, 2003 -- Press Release: IMF Completes First Review of Colombia's Stand-By Arrangement, Approves US$274 Million Disbursement
January 15, 2003 -- Press Release: IMF Approves a US$2.1 Billion Stand-By Credit for Colombia
December 20, 1999 -- Press Release: IMF Approves Three-Year Extended Fund Facility for Colombia