IMF Staff Country Reports

Colombia: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Colombia

September 29, 2025

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International Monetary Fund. Western Hemisphere Dept. "Colombia: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Colombia", IMF Staff Country Reports 2025, 280 (2025), accessed September 30, 2025, https://doi.org/10.5089/9798229025713.002

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Summary

Colombia enters a pre-electoral year amid a mixed economic backdrop. Economic growth has strengthened somewhat while inflation is gradually falling, aided by appropriately tight monetary policy. Widening fiscal deficit and rising debt levels have led to elevated sovereign spreads and private investment remains weak amid lingering concerns and uncertainties over the direction of policies.

Subject: Economic sectors, Expenditure, External debt, Fiscal consolidation, Fiscal policy, Fiscal rules, Fiscal stance, Inflation, Prices, Public debt, Public sector, Revenue administration

Keywords: Fiscal consolidation, Fiscal rules, Fiscal stance, Inflation, Public sector

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