Country Overview

COLOMBIA - Presentation 17 Apr 2017 by Veronica Navas and Mauricio Santa Maria

Rising deficits and net debt-to-GDP demonstrate a deterioration of the fiscal situation, despite the recent tax reform and Ecopetrol profits. The government’s addition to the budget (7.7 trillion COP) underscores the need for increased revenue. The economy is slowing and inflation is declining, setting the stage for rates cuts to 5.75%, with risk to the downside. President Santos’s ratings are at historic lows in the wake of recent corruption scandals; as of now, outsiders such as Gustavo Petro are favorites for 2018. For charts on these and other points, see the presentation.

Agenda:
- Fiscal Scenario
- Economic Activity
- Monetary Policy
- Politics

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