Colombia:2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Colombia
Colombia: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Colombia
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Volume/Issue:
Volume 2023
Issue 120
Publication date: March 2023
ISBN: 9798400238109
$20.00
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Topics covered in this book
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Business and Economics - Statistics , International - Economics , Exports and Imports , Inflation , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , inflation expectation , headline inflation , price stability mandate , Policy implementation , CPI basket , Inflation , Fiscal rules , Credit , Global , Central America
Summary
Benefiting from an effective policy response to the pandemic and highly favorable terms of trade, Colombia’s economy grew at one of the fastest rates among emerging economies in 2022. This demand-led recovery, however, contributed to internal and external imbalances, for which policy tightening has been now underway. A new administration took office in August 2022, with social equity and climate at the center of its ambitious reform agenda.
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