Servicios

1. Overall results of the Balance of PaymentsDuring the second quarter of 2023, the current account of the country’s Balance of Payments registered a USD 2,524 million deficit, equivalent to 3.0% of quarterly gross domestic product (GDP). The financial account, including the change in reserve…
1. Overall Results for the Balance of PaymentsDuring the second quarter of 2024, Colombia’s current account of the balance of payments registered a deficit of USD 1,630 million (m), equivalent to 1.6% of the quarterly Gross Domestic Product (GDP). In turn, the financial account, including changes…
1. Overall Results for the Balance of PaymentsThe current account of Colombia's balance of payments registered a deficit of USD 1,924 million (m) during the first quarter of 2024, which is equivalent to 1.9% of gross domestic product (GDP) for that quarter. The financial account, including the…
1. Overall Results for the Balance of PaymentsDuring the first quarter of 2025, Colombia’s current account of the balance of payments registered a deficit of USD 2,290 million (m), equivalent to 2.2% of the quarterly Gross Domestic Product (GDP). In turn, the financial account, including the…
1. Overall Results for the Balance of PaymentsDuring the second quarter of 2025, Colombia's current account of the balance of payments registered a USD 2,595 million (m) deficit, equivalent to 2.5% of the quarterly Gross Domestic Product (GDP). In turn, the financial account, including the…
The Internal Control Department presented a report on the status of the Bank’s internal control system during the period from January 1 to June 30, 2020. It did so in accordance with the provisions in Article 156 of Decree 2106 of 2019 issued by the Civil Service Department and the instructions and…
Since: 2005 | Periodicity: Quarterly
Since: 2012 | Until: 2022 | Periodicity: Quarterly
Since: 2017 | Periodicity: Quarterly
Los datos de la Gran encuesta integrada de hogares (GEIH) indican que, tras un periodo de contracción a fínales del año 2023, el empleo creció en todos los dominios geográficos. Este comportamiento es explicado, en particular, por el mejor desempeño de la ocupación en las otras cabeceras y el área…
Banco de la República (the Central Bank of Colombia) conducts periodic surveys to different economic agents in order to obtain their perception on different aspects of the stability of the Colombian financial system. Based on these surveys, Banco de la República prepares semiannual or annual…
Desde: 2011
The Colombian Political Constitution and Article 14 of Law 31 of 1992 of the Republic of Colombia sets forth that the central bank of Colombia, Banco de la República (the “Bank” or “BdlR”), is the administrator of the foreign reserves of the Republic of Colombia, which administration shall be made…
Q: The peso has weakened the most among more than 150 currencies since the election last month. How worried are you by this? Under what circumstances would intervention be appropriate?
Every two years, Banco de la República’s (the Central Bank of Colombia) Office for Industrial and Treasury Affairs, with the methodological consultancy of the Office for Economic Studies, applies the national survey on the provision of banknotes and coins and payment instruments (Epbmip in Spanish…
For the inauguration of its new Cultural Center in Manizales, Banco de la República edited seven publications and six digital projects. In the voice of renowned authors and researchers from the region, these works present new perspectives on the Coffee Cultural Landscape, the history of the…
Returns and interest rate: A nonlinear relationship in the Bogotá stock market   Returns and interest rate: A nonlinear relationship in the Bogotá stock market   Luis Eduardo Arango, Andrés González, and Carlos Esteban Posada *  Banco de la República  Summary  …
Several governments still need to adjust their fiscal balance after the Great Recession. In this paper, I construct a novel dataset to estimate the revenue potential and expenditure cutting space for a cross-section of 150 countries, and decompose their fiscal capacity into specific taxes and…
Since: 1927 | Until: 2020 | Frequency: Monthly
ApproachSince the introduction of exchange rate flexibility and the inflation targeting regime in 1999, Banco de la República (BR), Colombia's monetary and exchange rate authority, has intervened assiduously in the foreign exchange market, except in the last five years.
Since 1994 Banco de la República has been successfully running an External Management Program. The main objectives of the program are to: a) enhance the performance of Colombia’s Foreign Reserves Investment Portfolio; b) provide training and transfer knowledge to the Bank’s staff; and c) support…
Since 1994 Banco de la República has been successfully running an External Management Program. The main objectives of the program are to: a) enhance the performance of Colombia’s Foreign Reserves Investment Portfolio; b) provide training and transfer knowledge to the Bank’s staff; and c) support…
  Since 1994 Banco de la República has been successfully running an External Management Program. The main objectives of the program are to: a) enhance the performance of Colombia's Foreign Reserves Investment Portfolio; b) provide training and transfer knowledge to the Bank's staff; and c)…
The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors. 
We embed a small open economy model for Colombia into the global risk model of Gómez-Pineda, Guillaume, and Tanyeri (2014). The small open economy model is estimated by Bayesian methods and used for analysis and projections. The model enable us to give a consistent treatment of shocks to global…