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Colombia; 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Colombia

International Monetary Fund

No 17/138, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2017 Article IV Consultation highlights Colombia’s favorable outlook, underpinned by the peace agreement, structural tax reform, and the authorities’ infrastructure agenda. Economic activity will rebound slightly in 2017 as investment strengthens, boosted by reduced corporate taxation and confidence stemming from the peace agreement. Nontraditional exports are gaining steam thanks in part to ongoing efforts to reduce trade barriers, and this will help bring the current account deficit to its equilibrium level. Medium-term growth will be driven by economic diversification away from oil, which will benefit from the infrastructure agenda, and the peace agreement, which will improve competitiveness and regional development.

Keywords: Article IV consultation reports; Economic recovery; Monetary policy; Financial stability; Fiscal policy; Fiscal reforms; Tax reforms; Fiscal consolidation; External shocks; Economic indicators; Debt sustainability analysis; Press releases; Staff Reports; Colombia (search for similar items in EconPapers)
Date: 2017-05-31
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Handle: RePEc:imf:imfscr:17/138