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Economy


  • 19-May-2022

    English

    Filling in the gaps: Expanding social protection in Colombia

    The pandemic has highlighted significant gaps in social protection, in particularamong informal workers. With around 60% of workers in informal jobs, many of those most in need of social protection are left behind. The government has attempted to fill this gap with non-contributory benefits, but coverage and benefit levels are low. Better-off formal workers have access to a full range of social protection benefits, involving large-scale public subsidies that widen the gap. Labour informality and social protection coverage are interlinked, as high social contributions are one of the main barriers to formal job creation. Ensuring some universal basic social protection, while simultaneously lowering the cost of formal employment, would reduce labour informality, poverty and inequality and raise productivity, all of which are long-standing challenges in Colombia.

  • 27-April-2022

    English

    Revenue Statistics in Latin America and the Caribbean 2022

    This report compiles comparable tax revenue statistics over the period 1990-2020 for 27 Latin American and Caribbean economies. Based on the OECD Revenue Statistics database, it applies the OECD methodology to countries in Latin America and the Caribbean to enable comparison of tax levels and tax structures on a consistent basis, both among the economies of the region and with other economies. This publication is jointly undertaken by the OECD Centre for Tax Policy and Administration, the OECD Development Centre, the Inter-American Center of Tax Administrations (CIAT), the Economic Commission for Latin America and the Caribbean (ECLAC) and the Inter-American Development Bank (IDB).

  • 10-February-2022

    English

    Colombia: Structural reforms to foster social protection, public finances and productivity would help optimise the strength and quality of the recovery

    Significant government support to protect households, firms and jobs helped Colombia navigate the COVID-19 pandemic well and put its economy on track to a strong recovery, but challenges remain to make growth sustainable, according to a new OECD report.

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  • 28-April-2021

    English

    Mr. Angel Gurría, Secretary-General of the OECD, at 1st Anniversary of Colombia's OECD Membership, 28 April 2021

    Mr. Angel Gurría, Secretary-General of the OECD, delivered remarks at an event to commemorate the 1st Anniversary of Colombia's OECD Membership, on 28 April 2021.

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  • 28-April-2021

    English

    Commemoration of the First Anniversary of Colombia's Membership of the OECD, 28 April 2021

    Mr. Angel Gurría, Secretary-General of the OECD, delivered remarks at an event to commemorate the 1st Anniversary of Colombia's OECD Membership, on 28 April 2021.

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  • 17-November-2020

    English

    The impact of COVID-19 on SME financing - A special edition of the OECD Financing SMEs and Entrepreneurs Scoreboard

    The COVID-19 crisis has had a profound impact on SME access to finance. In particular, the sudden drop in revenues created acute liquidity shortages, threatening the survival of many viable businesses. The report documents an increase in demand for bank lending in the first half of 2020, and a steady supply of credit thanks to government interventions. On the other hand, other sources of finance declined, in particular early-stage equity. This paper, a special edition of Financing SMEs and Entrepreneurs, focuses on the impacts of COVID-19 on SME access to finance, along with government policy responses. It reveals that the pre-crisis financing environment was broadly favourable for SMEs and entrepreneurs, who benefited from low interest rates, loose credit standards and an increasingly diverse offer of financing instruments. It documents the unprecedented scope and scale of the policy responses undertaken by governments world-wide, and details their key characteristics, and outlines the principal issues and policy challenges for the next phases of the pandemic, such as the over-indebtedness of SMEs and the need to continue to foster a diverse range of financing instruments for SMEs.

  • 24-September-2020

    English

    Mr. Angel Gurría, Secretary-General of the OECD, launching the 2020 OECD Latin American Economic Outlook, in a virtual side event hosted by Colombia in the context of the UN General Assembly, on 24 September 2020

    Mr. Angel Gurría, Secretary-General of the OECD, launched the 2020 OECD Latin American Economic Outlook, in a virtual side event hosted by Colombia in the context of the UN General Assembly, on 24 September 2020.

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  • 9-September-2020

    Spanish

    Conferencia de Alto Nivel : “Repotenciando la Economía Colombiana a través de la Transformación Digital”

    Son tiempos muy difíciles para todos nuestros países miembros. La crisis del COVID-19 nos está planteando desafíos enormes en todas las áreas de las políticas públicas. También está poniendo en evidencia las enormes ventajas de la transformación digital y la gran importancia de la conectividad.

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  • 9-September-2020

    English

    Mr. Angel Gurría, Secretary-General of the OECD, speaking at Repowering the Colombian Economy Through Digital Transformation, 9 September 2020

    On 9 September 2020, Mr. Angel Gurría, Secretary-General of the OECD, will participate in a high-level conference on Repowering the Colombian Economy Through Digital Transformation, organised by the government of Colombia, alongside Ms. Marta Lucia Ramírez de Rincón, Vice-President of Colombia, as well as several Ministers and OECD Directors.

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  • 24-October-2019

    English

    Launch of the 2019 OECD Economic Survey of Colombia

    It is a pleasure to be in Bogota to present the fourth OECD Economic Survey of Colombia. This is a special edition. It is the first since Colombia was invited to join the OECD in May last year. The accession process will soon be completed, and the OECD will then prepare an Economic Survey of Colombia every two years.

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