Juan José Echavarría on Colombia’s path to sounder monetary and economic policy
Colombian governor talks about policy efforts to promote stability, importance of independence and implications of Venezuelan economic collapse
You became governor in December 2016, when Colombia was experiencing lower growth, above-target inflation, low oil prices and a growing current account deficit – the most challenging economic climate since the financial crisis.1 What are you recollections of that period?
The situation has improved, but the previous board did a lot of the work. It was a difficult economic adjustment. We had a huge trade shock – much larger than any other Latin American country such as Peru, Brazil or Mexico. The
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