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Resilient Colombia still needs reforms: OECD

Friday, May 26, 2017


Colombia's economy has proved resilient despite the global fall in oil prices but should adopt OECD recommendations for reforms in everything from education to infrastructure, the OECD said in a report on Thursday.

The Organization for Economic Co-operation and Development said solid macroeconomic policy and some tax reforms made Colombia "extremely resilient" to the crude price decline. The Andean country is in the process of joining the organization.

Source: Reuters