Country Analysts

Juan Carlos Echeverry
Former President of Ecopetrol, Finance Minister
Andres Escobar
Former Deputy Finance Minister
Mauricio Santa Maria
Former Planning Minister

In The News


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Recent Country Insights

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The Colombian quilting bee
COLOMBIA - Report 21 Dec 2018
According to the Merriam-Webster dictionary, a quilting bee is “a social gathering of women at which they work together at making quilts or doing other quilted work”. If the word “women” is replaced by “members of Congress”, we get a pretty good description of what happened with the tax reform (a...

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“Our proposal has been misunderstood”
COLOMBIA - Report 13 Dec 2018 1 response
Executive Summary President Iván Duque recently gave an interview to a Cali radio station as part of an effort to counter the negative (to put it mildly) press coverage that both student protests and his tax reform proposal have attracted. The president contended that his tax plan had been “misun...

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A new census portrays a very different country
COLOMBIA - Report 14 Nov 2018
Executive SummaryPreliminary 2018 census results delivered many surprises, most posing severe challenges for future economic and social policies. First, there are 45.5 million people living in Colombia, not the 50 million many had been projecting for years. Among major public policy implications:...

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A vote on Finance Minister Carrasquilla in Congress?
COLOMBIA - In Brief 24 Oct 2018 1 response
An eventual no-confidence vote (moción de censura) against Finance Minister Alberto Carrasquilla would be an unwelcome event. Some congressmen would like to exploit this as an opportunity to force the Duque administration to negotiate. We think that the prospect of the government’s losing its mos...

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Is it or is it not a Tax Reform?
COLOMBIA - Report 01 Oct 2018 1 response
Executive Summary It was common knowledge that the proposed budget submitted by the outgoing Juan Manuel Santos administration featured a drastic cut in public investment, to lower the central government deficit from 3.1% of GDP this year to the mandated 2.4% of GDP in 2019. This would require ei...

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Swallowing frogs
COLOMBIA - Report 04 Sep 2018 1 response
Executive Summary A new concept is taking shape in Colombia: a president without a congressional majority. Though we’ve yet to see how such an arrangement could work in Colombia, the experiences of neighboring governments, like Vicente Fox’s in Mexico and Pedro Pablo Kuzcynski’s in Peru, are not ...

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COLOMBIA - Report 27 Jul 2018 1 response
Executive Summary President-elect Iván Duque, just a few days from taking office, is already seeing new challenges piling up, which means everyone is looking to his first days, to ascertain his style. But some economic and fiscal challenges will loom, no matter what kind of president Duque turns ...

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Duque makes the right decision in appointing Carrasquilla as Minister of Finance
COLOMBIA - In Brief 11 Jul 2018
President-elect Iván Duque has just announced that Alberto Carrasquilla is officially his pick for Minister of Finance. Carrasquilla, a 59-year old economist with ample experience in the Central Bank and Minister of Finance between 2003 and 2007 during the Uribe administration is, without a doubt...

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The Duke, the King and Huck Finn
COLOMBIA - Report 09 Jul 2018
In the one thousand miles trip down the Mississippi river, Huckleberry Finn met two funny characters who went by the nobility titles of the king and the duke. They were actors interpreting a show in the towns across the river, and forced Huck to play along, and to dispense them with royalty etiqu...