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Speech by the Governor during the debate on the draft Government Budget for 2023 held on 30 August 2022.

From: 2022

This paper contributes an estimation framework to measure both technological and linkage externalities from foreign direct investment (FDI). Empirical research dealt mainly with intra-industry spillovers from FDI with restrictive treatment of inter-industry effects until recently. However, as…

Since: 2004

   

Abstract One of the lessons we learned from the 2008 financial crisis was the importance of monitoring the systemic risk in the stability of financial systems. In this regard, lines of research have been developed with the aim to provide reliable and timely metrics on this risk, taking as much…

Charting a Path to a More Sustainable, Equitable, and Greener Economy

 

Starting in July 2025, the way in which transfers and instant payments are made in the Colombian financial system will be transformed thanks to the launch of Bre-B. This system will enable full interoperability in the country by allowing transactions to be conducted to and from any financial…

Abstract We investigate the effect of domestic armed violence brought about by political instability on the geography of distance frictions in freight mobility and the resulting differential access of regions to global markets. The Colombian transportation system has been found to be impeded by…

Florez-Jimenez and Parra-Polania (2016) show that unconditional forward guidance (FG) performs poorly except in the most extreme zero lower-bound (ZLB) events and that for any ZLB situation it is better to resort to state-dependent (threshold-based) FG. The model of that paper is solved under the…

On March 22, the Executive Board of the International Monetary Fund (IMF) met to finalize the Article IV annual consultation with Colombia. On March 23, the IMF published the staff report discussed at that meeting, as well as a press release illustrating the discussion held at the IMF board and the…

In a letter sent to the Honorable Representative to the House of Delegates Martha Alfonso Jurado, the bill’s rapporteur coordinator, the Central Bank pointed out the matters on which more precision is required to ensure an efficient and transparent management of the public resources for social…

In the light of recent complaints and publications by some citizens regarding a modality of banknote counterfeiting, Banco de la República informs that:

 

 

    CURRENT SITUATION OF THE COLOMBIAN ECONOMY