The Survey, presented in Bogota by OECD Director of Country Studies Alvaro Pereira and Colombia’s Minister of Finance Mauricio Cardenas, projects GDP will grow by 2.2% in 2017 and 3% in 2018. It identifies priority areas for future action, including reforms to strengthen the quality of education, reduce informality and increase work opportunities for women.
“Thanks to bold reforms and a solid macroeconomic framework, Colombia has been extremely resilient to external headwinds as the commodities boom ended,” Mr Pereira said. “The challenge going forward is to deliver higher incomes and well-being for all Colombians. The peace agreement will certainly boost economic growth and job creation. However, in order to make growth more inclusive, Colombia must also achieve better educational outcomes, bring more people into the formal economy, invest in infrastructure for the future and reduce barriers to competition.”
