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Inflation fears kept Colombia's central bankers from reducing the key interest rate, amidst upward wage pressures.

IMF projects Colombia’s GDP growth at 2.5% in 2025; inflation easing to 4.5%, but deficit hits 7.1% and debt peaks at 62.3% by 2027.

The government plans to gradually reduce the central government fiscal deficit by 3.4pp of GDP.

Breaking the fiscal rule without extraordinary cause may risk overspending, mounting debt, and a blow to Colombia’s economic credibility.

The suspension is due to the lack of a credible fiscal plan under Colombia's current presidential administration.

While Colombia was not included in the IMF's mid-year reassessment, the organization in April projected the nation's economy to grow by 1.0% in 2023 and 1.9% in 2024.

On the markets the Peso had a bumpy week before recovering somewhat by Friday.

Colombia is very rarely, if ever, bereft of news, and this week was no exception. In fact it was a bit of a doozy!

A Colombian government delegation was in Washington this week meeting with IMF, World Bank and US officials.

The sun will rise again. In fact for many it is already showing signs of an appearance and even Colombia still has a story to tell.