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This section presents information about central national government debt, summarized in the next four tables:
The first step towards dematerializing securities in Colombia began when Law 27 was adopted in 1990, authorizing the creation of central securities depository management companies.
This document contains the information submitted annually by Banco de la República (the Central Bank of Colombia) through the Electronic Submitting System of the Account and Reports (SIRECI by its acronym Spanish) of the Office of the Comptroller General of Colombia, corresponding to the modality “…
EducationPhD in EconomicsUniversity of Paris. 2007Masters in EconomicsUniversidad Nacional de Colombia. 1995Economist (B.S. in Economics)Universidad de los Andes. 1981Abbreviated Work ExperienceJuly 2024-PresentExpert member of the Committee Autonomous Fiscal Rule (GARF)November 2022 to April…
Place of Birth: Pereira, Risaralda Date of Birth: August 3, 1942 Profession: Graduate in Philosophy and Letters
The Steering Committee of the Benchmark Banking Indicator (IBR in Spanish) modified the schedule for the presentation of the IBR formation scheme quotes for overnight and 1-, 3-, 6- and 12-month terms, for the timeframe between 10:45 a. m. to 11:00 a. m. The results will be published by Banco de la…
The Board of Directors of Banco de la República informs that it will continue to meet 12 times a year, but that, in principle, decisions regarding the benchmark interest rate will only be made in 8 of them. The Board will continue to consider other topics of its competence in all of the meetings.
 
Using a stylized model in which output is measured with error, we derive the optimal policy response to the demand shock signal and to changes in the measurement error volatility from two different perspectives: the minimization of the expected loss (from which we derive the ‘standard’ policy) and…
Banco de la República reports that, following the amendment of the External Regulatory Letter DCIN 83 on 16 January 2020 regarding the exchange reports of foreign portfolio investment, the exchange reports shall not discriminate henceforth between cash flows due to liquidation of capital from…
Starting June 2019, the information disclosed after each session of the Board of Directors of the Central Bank in which decisions are taken on the benchmark interest rate will be modified. This change is intended to improve the information related to the monetary policy decision-making process…
Chapter IntroductionOne of my mentors in economics taught me early in my career that the three pillars of macroeconomic stability are price stability, financial stability, and fiscal sustainability. To illustrate the concept, he used the analogy of a tripod: if one of its legs fails (any of the…
Este documento caracteriza la inversión extranjera directa en Colombia en los sectores distintos a la explotación petrolera y de minas y canteras, así como de las empresas receptoras de este tipo de inversión. 
Abstract Since July 2021, Banco de la República strengthened its forecasting process and communication instruments, by involving predictive densities in the projections of its models, PATACON and 4GM. This paper presents the main theoretical and empirical elements of the predictive density…
Place of birth: Cali - Colombia Date of birth: 28 December 1981 Profession: Economist        
Place of Birth: Bogotá - Colombia Date of Birth: April 5, 1961 Profession: System Engineer  
Place of Birth: Garzón, Huila - Colombia Date of Birth: July 10, 1963 Profession: System Engineer  
Place of Birth: Bogotá - Colombia Date of Birth: May 26, 1978 Profession: Industrial Engineering  
  Place of birth: Bogotá - Colombia   Date of Birth: 10 December 1973   Profession: Economist
Place of Birth: Cali, Valle del Cauca. Date of Birth: December 20, 1977 Profession: Economista        
Inglés: In spite of the increasing evidence that has revealed that early access to financial services has long-term impacts, children and adolescents continue to face major obstacles to be financially included, particularly in the developing world. This document presents the main results of a…
The Foreign Exchange Affairs and Settlements Department published the External Regulatory Circular DCIP-83 which contains the modifications introduced as a result of the new Foreign Exchange Information System implementation. Said regulation will replace the External Regulatory Circular DCIN-83…