COLOMBIA
Analysts
Juan Carlos Echeverry
Former President of Ecopetrol, Finance Minister
Andrés Escobar Arango
Former Deputy Finance Minister
Mauricio Santa Maria
Former President of ANIF, Planning MinisterDatabanks
Recent Country Insights
Decentralization dream could become a fiscal nightmare
COLOMBIA · Report · 31 Oct 2024
Colombian Congress has a relatively good track record in fiscal prudence: an insane number of tax reforms have been approved over the last three decades; two fiscal rules and a fiscal responsibility law have been enacted; and fiscal sustainability was enshrined in the Constitution in 2011. There ...
The coup d'état that wasn’t
COLOMBIA · In Brief · 10 Oct 2024
On October 8th, 2024, The National Electoral Council (NEC), the body investigating possible financing infringements by the Petro presidential campaign, filed charges against president Petro, the campaign manager Ricardo Roa (current CEO of Ecopetrol), and other members of the campaign staff. That...
Webinar Replay - Colombia Macro, Politics and Reforms Update
COLOMBIA · Report · 04 Oct 2024
Visit our calendar page to to watch the replay of our webinar, "Colombia Macro, Politics and Reforms Update", which details economic conditions in Colombia, the country's political outlook and the forecast for reforms.
Slide Presentation: Colombia Macro, Politics and Reforms Update
COLOMBIA · Report · 03 Oct 2024
Get insight into economic conditions in Colombia, the country's political outlook and the forecast for reforms with the slide presentation from our webinar, "Colombia Macro, Politics and Reforms Update".
FinMin and Congress square off
COLOMBIA · Report · 02 Oct 2024
The most interesting pistol duel of this legislature is taking place between the minister of finance and the congressional opposition. The issue at hand is a two-headed beast, composed of the 2025 budget and the so-called financing act (aka the second tax reform). The budget implicitly takes for ...
Budget stalemate; what now?
COLOMBIA · In Brief · 11 Sep 2024 · 2 responses
On September 11th, the economic committees of the House and the Senate did not come to an agreement on the size of the national budget for 2025. Votes were insufficient to approve the size proposed by the Government, but votes also came short to reduce its size to a specific number. Even though t...
Let’s not celebrate growth results just yet
COLOMBIA · Report · 04 Sep 2024
Economic activity data showing 2.1% real growth in Q2 2024 over Q2 2023 suggests that the economy might be changing gears, and accelerating, from its meager 0.8% growth in Q1. Key sectors that have been clear laggards, such as construction and commerce, are finally moving into positive territory....
A bigger fiscal deficit and a tragicomedy unlikely to end well
COLOMBIA · Report · 01 Aug 2024 · 5 responses
The publication of the 2024 Medium-Term Fiscal Framework in June revealed some shocking developments about this year’s fiscal policy. Chief among them were a substantial shortfall in revenues, a humongous required reduction in primary spending and an increase in the year-end national central gove...
Bad news everywhere
COLOMBIA · Report · 28 Jun 2024 · 2 responses
The nuts and bolts of the 2024 MTFF have little to do with the much-required process of fiscal consolidation. It turns out most of the negative rumors we’d been hearing were true. A root problem behind the mess was over-optimistic initial revenue estimates. The central government originally expec...