Colombia


  • 28-September-2017

    English

    Corporate Governance in Colombia

    This review of Corporate Governance in Colombia was prepared as part of the process of Colombia's accession to OECD Membership. The report describes the corporate governance setting for both listed companies and the state-owned sector (SOEs). The review then examines the legal and regulatory framework and company practices to assess the degree to which the recommendations of the G20/OECD Principles of Corporate Governance and the OECD Guidelines on Corporate Governance of State-Owned Enterprises have been implemented. The review finds that Colombia's framework for the corporate governance of listed companies is largely consistent with the Principles, although some companies have been reluctant to implement some of the good practices recommended in Colombia's national corporate governance code. For SOEs, the report recognises substantial reforms undertaken during the review process to adopt an ambitious national ownership policy. Reforms have included establishing an ownership co-ordination unit and more transparent reporting on SOE performance, and removing ministers from SOE boards and establishing more transparent board nomination processes aimed at enhancing the qualifications of board members. The report seeks continuing efforts to consolidate these reforms and to implement plans announced in the national ownership policy.
  • 20-June-2017

    English

    Colombia's Development Co-operation

    Colombia’s total concessional finance for development reached USD 42 million in 2015, compared to USD 45 million in 2014 (OECD estimates based on Government of Colombia, 2014, 2015; and websites of multilateral organisations). In 2015, Colombia channelled USD 30.9 million in development-orientated contributions through multilateral organisations and USD 10.8 million through South-South co-operation programmes and initiatives.

  • 2-June-2017

    English

    Business brief: Unleashing Latin America’s energy potential

    Grupo Energía de Bogotá (GEB) is a leading multilatina company in the Latin American electricity and natural gas industry, with over 6 million customers in countries like Brazil, Colombia, Guatemala and Peru.

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  • 25-May-2017

    Spanish

    Colombia: Elevar la productividad y lograr un crecimiento más inclusivo

    La economía colombiana ha mostrado mayor resiliencia que otras de América Latina ante la reciente caída de precios de las materias primas y sigue formando parte de las economías más sólidas de la región.

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  • 25-May-2017

    English

    Colombia: Raise productivity and make growth more inclusive

    The Colombian economy has been more resilient than other Latin American countries to the recent fall in commodities prices, and remains among the strongest in the region.

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  • 25-May-2017

    English

    Economic Survey of Colombia 2017

    Since 2000, the quality of life of Colombians has improved markedly. Macroeconomic and social policies have sustained strong GDP growth and reduced poverty.

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  • 25-May-2017

    English

    OECD Economic Surveys: Colombia 2017

    Growth in Colombia has been among the strongest in the region, reflecting the flexible exchange rate and inflation targeting monetary policy, and fiscal rules. The strong growth and welfare programmes to the most vulnerable groups have substantially reduced poverty. Lower taxes and fees on wages have brought more people to better quality formal jobs, thereby raising both productivity and inclusiveness. Productivity and job opportunities have also been enhanced by recent reforms facilitating the opening of business, obtaining construction permits, registering property and paying taxes. However, productivity growth is still low and the gap between rich and poor among the highest in Latin America. Informality and gender gaps remain high, and social mobility low. Years of armed conflict, stringent local regulations and distortions in the tax system have created disparities in productivity and access to basic services across regions. Further simplifying procedures for company registration and the affiliation of workers to social security, improving labour market programmes, expanding early childhood education, and raising education quality would boost inclusion, social mobility and living standards. Greater and more affordable child, elderly and disability care would open the job market to more women. Raising productivity will be fundamental to continued increases in living standards for all Colombians.

    SPECIAL FEATURES: PRODUCTIVITY; INCLUSIVE GROWTH

  • 25-May-2017

    English

    OECD Economic Surveys: Colombia 2017

    Growth in Colombia has been among the strongest in the region, reflecting the flexible exchange rate and inflation targeting monetary policy, and fiscal rules. The strong growth and welfare programmes to the most vulnerable groups have substantially reduced poverty. Lower taxes and fees on wages have brought more people to better quality formal jobs, thereby raising both productivity and inclusiveness. Productivity and job opportunities have also been enhanced by recent reforms facilitating the opening of business, obtaining construction permits, registering property and paying taxes. However, productivity growth is still low and the gap between rich and poor among the highest in Latin America. Informality and gender gaps remain high, and social mobility low. Years of armed conflict, stringent local regulations and distortions in the tax system have created disparities in productivity and access to basic services across regions. Further simplifying procedures for company registration and the affiliation of workers to social security, improving labour market programmes, expanding early childhood education, and raising education quality would boost inclusion, social mobility and living standards. Greater and more affordable child, elderly and disability care would open the job market to more women. Raising productivity will be fundamental to continued increases in living standards for all Colombians.SPECIAL FEATURES: PRODUCTIVITY; INCLUSIVE GROWTH
  • 22-May-2017

    English

    OECD Economic Survey of Colombia launches Thursday, 25 May 2017 in Bogota

    The latest OECD Economic Survey of Colombia, to be published on Thursday 25 May, analyses the factors behind the country’s resilience to the global commodity slowdown as well as the outlook for 2017-18.

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  • 10-April-2017

    English

    Climate change adaptation and financial protection: Synthesis of key findings from Colombia and Senegal - Environment Working Paper

    Developing countries are disproportionately affected by the rising trend of losses from climate-related extreme events. This paper uses case studies of Colombia and Senegal to examine how countries are using financial protection as part of their approaches to managing climate risks; it also identifies emerging priorities for development co-operation providers in supporting financial protection against climate risks.

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