Latin American Economy & Business - May 2018 (ISSN 1741-7430)

The IMF concluded its annual Article IV consultation visit to Colombia on 27 April and was overall very positive about prospects for 2018, echoing earlier prospects that it had made earlier in the month about the economy being at a “turning point”. Yet notwithstanding the fact that GDP growth seems to be staging a firm recovery, the Banco de la República (Banrep, the Central Bank) still opted to cut interest rates in the monetary policy committee’s 27 April meeting.