Colombia’s policies remain solid: Lagarde
Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), after meeting with Juan Manuel Santos, President of Colombia said. "I had a very productive and positive discussion with President Santos. We took stock of recent developments in the global economy, including lower oil and commodity prices and their implications for the overall prospects for Latin America and Colombia.
Colombia's economic performance remains solid. She commended the government's policy response to the sharp drop in world oil prices by strengthening fiscal policy more than required under the fiscal rule and by tightening monetary policy while allowing the exchange rate to depreciate. The agenda to upgrade infrastructure is a key reform that will improve the country's prospects over the medium term. She congratulated the President for his unwavering commitment to conclude the peace process, which would enhance the climate for investment and growth, especially in rural areas.