IMF Executive Board Concludes 2023 Article IV Consultation with Colombia

Benefiting from an effective policy response to the pandemic and highly favorable terms of trade, Colombia’s economy grew at 7.5 percent year-on-year in 2022; one of the fastest rates among emerging economies. Against this robust recovery, high commodity prices, and weather-related shocks, headline inflation reached 13.3 percent year-on-year in February 2023 and the current account deficit widened from 5.6 in 2021 to 6.2 percent of GDP in 2022.

Maximising scarce resources: EIB updates its water sector policy

Today, the European Investment Bank (EIB) published its new Water Sector Orientation. The document presents the Bank’s investment priorities in the sector, where limited financing is available. These priorities include conventional infrastructure as well as innovative approaches, such as circular economy, nature-based solutions, and digitalisation. The policy highlights the types of investments that will maximise the Bank’s impact to achieve its climate and environmental objectives.

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