Colombia: Policy Priorities for Inclusive Development
In recent years, Colombia has made major economic and social advances. Despite this
recent progress, Colombia faces significant structural challenges associated with
the concentration of economic activity – particularly exports - in a few sectors,
low levels of productivity, and high inequality. Embarking on a path towards inclusive
growth is vital in the context of successfully eradicating poverty, providing opportunities
for its growing middle class and solidifying progress towards lasting peace. The road
ahead to high-income status will be demanding and calls for major policy initiatives
in areas such as education, innovation, infrastructure and rural development, as embodied
in the New Development Plan 2014-2018: Everyone for a new country. Furthermore, the
country needs to work towards bolstering government capacities, building strong institutions,
and effectively mobilising domestic revenues to facilitate effective implementation
of its public policy priorities.
Published on March 26, 2015Also available in: Spanish
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