Colombian economy headed to more sustainable growth path, IMF says

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 23 (Reuters) - Colombia's economy is currently undergoing a transition toward a more sustainable growth path, the International Monetary Fund said Thursday, highlighting tightened macroeconomic policies, slowing global growth and higher borrowing costs. A "necessary" cooling of Colombia's economy would help bring inflation toward the central bank's target by the end of 2024 and narrow the current account deficit gradually, the IMF added.
(Reporting by Kylie Madry; Editing by Brendan O'Boyle)

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