A Tax Reform Succeeds in Colombia

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.

Speakers:

Ministry of Finance:
Mauricio Cardenas, Minister of Finance
Andres Escobar, Deputy Minister of Finance
Andres Velasco, General Director, Macroeconomic Policy

Central Bank of Colombia:
Hernando Vargas, Manager
Ana Maiguashca, Member, Board of Directors

Ricardo Avila, Editor-in-Chief, Portafolio