Colombia's recovery is gaining momentum on the back of strong domestic demand, with a wider current account deficit. As a key external shock, migration flows from Venezuela accelerated in 2018 and by end-December 1.5 million migrants were estimated to live in Colombia. Risks to global growth and...

This 2018 Article IV Consultation highlights that Colombia's outlook is favorable as continued efforts to advance the structural reforms will foster economic diversification and productivity growth. In 2017, adequate policy management brought Colombia near completion of its adjustment to large...

This paper discusses Colombia's Arrangement Under the Flexible Credit Line (FCL) and Cancellation of Current Arrangement. Growth is expected to accelerate in 2018 and further over the medium term underpinned by a rebound in investment and nontraditional exports. Although the ongoing recovery in...

COVID-19 has taken a severe toll on Colombia's society and economy-including over 60,000 deaths and over 5 million jobs temporarily lost in Colombia's largest recession on record. A gradual but uneven recovery led by private domestic demand and manufacturing is underway, but services continue to...

COVID-19 has taken a severe social and economic toll, including almost 60,000 deaths. With over 5 million jobs temporarily affected, Colombia recorded its largest recession on record. Since 2020H2, an uneven recovery with intermittent growth has been underway, led by private domestic demand....

The current FCL arrangement for Colombia was approved in May 2020. Colombia was cited for its very strong policy frameworks-anchored by a flexible exchange rate, a credible inflation-targeting regime, effective financial sector supervision and regulation, and a structural fiscal rule-and a track...