6th Floor, Woodrow Wilson Center

Colombia's Economic Prospects

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Webcast Recap

The Colombian economy has done remarkably well over the last decade, consistently ranking among the fastest-growing in Latin America. It has attracted significant foreign investment, particularly in the oil and mining sectors, but further measures are needed to put the country on a path toward stronger, sustainable and inclusive growth. This is among the findings of a new Economic Survey of Colombia by the Organization for Economic Cooperation and Development (OECD), an organization that Colombia aspires to join. The OECD report identifies a number of policies critical for future growth and for reducing the high levels of income inequality, including a comprehensive tax reform to make the tax system more investment-friendly, efficient and fair. The report also calls for pension system reform to reduce poverty among the elderly. Boosting infrastructure investment—by fulfilling the government’s road concession program—and making sub-national investment more effective are also top priorities.    

Introduction

Cynthia J. Arnson
Director, Latin American Program
Woodrow Wilson International Center for Scholars

Speakers

Piritta Sorsa
Head of Division, Country Studies Branch
OECD Economics Department 

Christian Daude
Senior Economist, Head of the Colombia and Greece Desk
OECD Economics Department

Commentator

Gustavo Flores-Macías
Assistant Professor, Department of Government
Cornell University