The OECD identifies a number of policies critical for future growth and reducing the high levels of income inequality. A comprehensive tax reform is needed to make the tax system more investment- friendly, more efficient and fairer, while pension system reform could reduce old-age poverty. Boosting infrastructure investment - by fulfilling the government’s road concession programme (4G) - and making sub-national investment more effective are also top priorities, the Survey said.
The Survey, presented in Bogota by Alvaro Pereira, director of country studies in the OECD Economics Department, Mauricio Cárdenas Santamaría, Minister of Finance and Public Credit of Colombia, and José Uribe, Governor of the Colombian Central Bank, notes that Colombia is projected to grow close to 4.5% in the coming years, despite less favourable external conditions.
