As one of the larger economies in Latin America, Colombia has a track record of above-average GDP growth, a reputation for sound macroeconomic management and market-friendly policies. In 2015-16 it has demonstrated resilience, absorbing a significant oil price shock, with petroleum accounting for roughly half of total exports. It has managed...
What benefits can be expected from Colombia’s accession to the OECD? ÁLVAREZ-CORREA: Macroeconomic stability, predictability and good governance are fundamental components for accession to the OECD. By belonging to the OECD, Colombia will show it has met key criteria and this will increase third-party trust levels in its...
Though Colombia has achieved impressive economic growth over the last decade, the benefits of this remain unequally distributed. The government has acknowledged this issue and made a commitment to pursue equitable policies. The OECD defines inclusive growth as “economic growth that creates opportunities for all segments of the population and...
What lessons can be learned from developed countries about effective reserve management?
Colombia’s economy grows above those of its neighbours despite the ongoing crisis of commodity prices. Meanwhile, peace talks with guerrillas face the final stretch and major cities such as Bogotá, Medellín and Barranquilla consolidate as regional capitals of finance, culture and fashion.
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