Download or read book Potential Growth in Colombia written by Mr.Sergi Lanau and published by International Monetary Fund. This book was released on 2017-11-13 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses a multivariate filter and a production function to project potential growth in Colombia, modeling in detail the impact of low oil prices on investment. The framework also captures the impact of current and planned policies on potential growth, including the peace agreement with the FARC, the tax reform, and 4G infrastructure projects. The analysis suggests the growth acceleration of the 2000s is unlikely to repeat itself in a world of lower oil prices. Potential growth is likely to moderate to a range of 2.8 to 4.1 percent. The 4G infrastructure projects and the tax reform will increase investment, partly offsetting the sharp decline in oil investment. Improvements in productivity are essential to lift potential growth, as the large increases in the labor force observed in the last 15 years are unlikely to continue.
Download or read book Colombia written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2017-05-31 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper assesses the monetary policy stance and broad financial conditions in Colombia. It uses a dynamic stochastic general equilibrium model of a small open economy to estimate the neutral rate. A financial conditions index is also constructed to assess overall financial conditions through three different transmission channels (credit, leverage, risk) of the financial sector to the state of the economy. Results reveal that both monetary policy and broad financial conditions in Colombia remained tight in 2016. The results also show that tighter financial conditions could have had a sizable impact on GDP growth.
Download or read book Colombia written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2017-05-31 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: Colombia: Selected Issues
Download or read book Colombia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-05-04 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper on Colombia shows that achieving investment grade status would help lower financing costs for the sovereign, and expand the pool of potential buyers of the Colombian economy. Colombia’s debt levels as of end-2008 were broadly similar to the average for investment grade emerging markets, suggesting that other indicators are taken into account in rating agencies’ assessments. A stronger process of fiscal consolidation that results in a significant decline in public sector debt could help compensate the structural weaknesses.
Download or read book Colombia 2022 Article IV Consultation Press Release Staff Report and Statement by the Executive Director for Colombia written by International Monetary and published by International Monetary Fund. This book was released on 2022-04-04 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: Colombia’s economy rebounded strongly in 2021 with 10.6 percent growth led by pent-up domestic demand, notably private consumption. Around 66 percent of the population is fully vaccinated against Covid-19 as of end-February and the economy continues to reopen more fully. While GDP has already reached pre-pandemic levels, employment has trailed in its recovery and macroeconomic imbalances have emerged. Amid strong demand, supply constraints, and rising commodity prices, rising inflation exceeded the upper limit of the central bank’s tolerance range in 2021. With demand-led growth and higher import prices, the current account deficit widened to 53⁄4 percent of GDP. Under staff’s assumptions for the evolution of the pandemic, above-potential growth around 51⁄2 percent is expected in 2022, led by robust household consumption and a continued recovery of investment and exports. External vulnerabilities remain elevated with high external financing needs and tighter financial conditions. External risks remain elevated and an intensification of the ongoing conflict in Ukraine may impart considerable volatility in financial and commodity markets. Domestic risks are also tilted to the downside—including uncertainty around the evolution of the pandemic, political uncertainty with national elections this year, and slower implementation of the infrastructure agenda and peace accords.
Download or read book The Potential Economic Development of the Upper Cauca Valley Colombia written by Donald Jerym Lloyd-Jones and published by . This book was released on 1961 with total page 608 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Upper Cauca Valley has been one of the most dynamic growth areas of Colombia in the post-World War II period. It has among its resources a vast agricultural potential, excellent coal reserves, and a relatively good location for reaching the interior markets of Colombia. Its resource weaknesses include a lack of metallic minerals and severe flood, drainage and irrigation problems. It is the development region for a TVA-type program titled the Corporacion Autonoma Regional del Cauca (CVC). This study attempts to project the potential economic growth of the development region to 1970, both with and without the aid of the regional development program. The study analyzes the region's growth potential from an economic-geographic point of view. The region's resource base and the sectors of its economy are analyzed with regard to their ability to base and/or energize economic development. Particular attention is paid to the CVC and the costs and benefits of its various development programs. (Author).
Download or read book Colombia written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2015-06-08 with total page 103 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper addresses key areas that would contribute to maintaining macroeconomic stability and inclusive growth. Strong economic growth in Colombia has significantly reduced poverty, but has had limited impact on reducing inequality. Strong growth and social programs have helped reduce poverty. Going forward, efforts to further strengthen education, pension, and tax systems stand to yield important social gains, as recognized by the national development plan. Labor market distortions have declined in recent years, but challenges remain. The elimination of infrastructure gaps will also play a key role in sustaining strong and broad-based growth, and supporting further economic diversification.
Download or read book An Analysis of the Colombian Economy s Potential for Rapid and Sustained Economic Growth written by Henry Lee Crouch and published by . This book was released on 1969 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book OECD Economic Surveys Colombia 2022 written by OECD and published by OECD Publishing. This book was released on 2022-02-10 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Survey examines Colombia’s economic recovery from the COVID-19 crisis as well as the challenges to ensuring stronger and more sustainable growth. It takes an in-depth look at the social protection system, and discusses reforms that could improve the sustainability of public finances, boost productivity growth and improve opportunities for all Colombians.
Download or read book Colombia written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2015-06-08 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2015 Article IV Consultation highlights that Colombia has enjoyed strong growth over the past several years, among the highest in Latin America. Credible fiscal and inflation targeting frameworks have supported sound macroeconomic policy management, which underpinned robust economic performance during the last decade. Social indicators have improved steadily over this period. Public debt remained low. The current account deficit widened to 5.2 percent in 2014, but capital inflows were buoyant. Growth is expected to gradually rise toward its potential over the medium term, supported by the government’s public–private partnership-based infrastructure program and a gradual recovery in oil prices and external demand.
Download or read book OECD Development Pathways Production Transformation Policy Review of Colombia Unleashing Productivity written by OECD and published by OECD Publishing. This book was released on 2019-02-12 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: Colombia, the fourth largest economy in Latin America, is back on track after decades of conflict. The country is looking to open up opportunities by addressing structural challenges, further benefiting from trade and investment, and increasing productivity. Colombia's march towards prosperity ...
Download or read book OECD Reviews of Digital Transformation Going Digital in Colombia written by OECD and published by OECD Publishing. This book was released on 2019-10-25 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: OECD Reviews of Digital Transformation: Going Digital in Colombia analyses recent developments of the digital economy in the country, reviews policies related to digitalisation and makes recommendations to increase policy coherence in this area. The report examines recent developments in infrastructures for the digital economy, telecom markets and related regulations and policies in Colombia.
Download or read book Colombia written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2017-05-31 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: Colombia has a strong policy framework and fundamentals. Timely policy decisions have guided an orderly adjustment process to the large drop in the terms of trade experienced since 2014, aligning domestic demand with dimmer external conditions. Despite the growth slowdown last year and high inflation, poverty and inequality further improved. The current account deficit has narrowed significantly and inflationary pressures are gradually moderating. The banking system remains sound, but pockets of corporate vulnerability have emerged. The peace agreement with the FARC and the structural tax reform are important milestones that have reduced uncertainty and set the stage for a favorable outlook.
Download or read book Global Economic Prospects June 2020 written by World Bank Group and published by World Bank Publications. This book was released on 2020-07-07 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic has, with alarming speed, dealt a heavy blow to an already-weak global economy, which is expected to slide into its deepest recession since the second world war, despite unprecedented policy support. The global recession would be deeper if countries take longer to bring the pandemic under control, if financial stress triggers defaults, or if there are protracted effects on households and firms. Economic disruptions are likely to be more severe and protracted in emerging market and developing economies with larger domestic outbreaks and weaker medical care systems; greater exposure to international spillovers through trade, tourism, and commodity and financial markets; weaker macroeconomic frameworks; and more pervasive informality and poverty. Beyond the current steep economic contraction, the pandemic is likely to leave lasting scars on the global economy by undermining consumer and investor confidence, human capital, and global value chains. Being mostly a reflection of the recent plunge in global energy demand, low oil prices are unlikely to provide much of a boost to global growth in the near term. While policymakers' immediate priorities are to address the health crisis and moderate the short-term economic losses, the likely long-term consequences of the pandemic highlight the need to forcefully undertake comprehensive reform programs to improve the fundamental drivers of economic growth, once the crisis abates. Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). The January edition includes in-depth analyses of topical policy challenges faced by these economies, while the June edition contains shorter analytical pieces.
Download or read book Colombia s Slow Economic Growth written by Ivan Luzardo-Luna and published by Springer Nature. This book was released on 2019-11-07 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Looking at the years 1870-2016, this book analyses the reasons behind Colombia’s chronically slow economic growth. As a comparative economic history, it examines why Colombia has seen lower growth rates than countries with similar institutions, culture and colonial origins, such as Argentina in 1870-1914, Mexico in 1930-1980, and Chile from 1982 onwards. While Colombia's history has shown relative macroeconomic stability, it has also shown a limited capacity for integrating into the world economy and embracing technological breakthroughs compared to the rest of the world, including steam, mass production and Information Technology. This volume thus moves away from the long-held view that institutional path dependence is the main determinant of differences in long-run economic growth across countries.
Download or read book The Report Colombia 2016 written by Oxford Business Group and published by Oxford Business Group. This book was released on 2016-02-25 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: With oil accounting for roughly half of Colombia’s total exports, Latin America’s fourth-largest economy is feeling the effects of lower international oil prices. The negative impact of lower prices was nonetheless offset by positive performances by the retail, agriculture and financial services sectors, ensuring continued growth in 2015. Higher growth is expected in 2016 and beyond, driven in part by a raft of transport infrastructure investments, known as the fourth generation road concession programme. On the political front, the prospect of the signing of a peace accord between the government of Juan Manuel Santos Calderón and the leaders of the FARC promises to make 2016 a memorable year for Colombia. According to the National Planning Department, the peace settlement could bolster economic growth by up to 1.9 percentage points, lower security costs and signal the opening up of previously closed areas of the country to development.
Download or read book Reviews of National Policies for Education written by Organisation for Economic Co-operation and Development and published by Organisation for Economic Co-operation and Development ; [Washington, D.C. : OECD Publications and Information Center. This book was released on 1984 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: A team of examiners from the Organisation for Economic Cooperation and Development (OECD) reviews Portugal's education system in a three-part report. Part One begins with the consequences of the 1974 revolution, Portugal's economic problems, its impending attachment to the European Economic Community, and rising public expectations about education. It continues with criticism of the Ministry of Education, which is overstaffed and has duplicate functions. The examiners propose reduction of branches and suggest the establishment of a national education advisory council and closer relations with other government agencies. A high priority for the compulsory school-level education (four primary and two preparatory grades) is improvement of standards in rural areas. Accepting the future extension of compulsory schooling from 6 to 9 years, the examiners counsel step-by-step reform of the school structure and curriculum. Education of 16-to-19 year olds is a problematic issue since upper-secondary schools are not providing adequate vocational courses. The examiners feel a solution is for Portugal to adopt a comprehensive education and training policy for that age group implemented jointly by the Ministries of Education and Labor. Part Two of the report includes a record of the review meeting between the OECD examiners and the Minister of Education and his delegates and addresses five areas of concern. The third part is a summary of the Ministry of Education's Backgroud Report of the education system in Portugal. (MD)
