In 2014, the oil price shock hit Colombia’s economy hard. The government, with the IMF’s support, took action by implementing a successful tax reform plan that helped raise revenues and stabilize the economy. Colombia’s Finance Minister, Mauricio Cardenas, and Central Bank Manager, Hernando Vargas, share how they managed the crisis.
IMF Video “Colombia: A Tax Reform Succeeds”
Release Date: 10 May 2018