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LatinNews Daily - 15 April 2021
In brief: Structural reforms in Colombia unlikely before election, says OECD
* The Organisation for Economic Co-operation and Development (OECD) has released a report downplaying the likelihood that the Colombian government will implement structural economic reforms before the country’s legislative and presidential elections in March 2022 and May 2022, respectively. The OECD’s ‘Going for Growth 2021’ report attributes the government’s “limited progress on structural reforms” to “difficulties in building a broad-based consensus in favour of reforms”, noting that the drawn-out tax reform in 2019 exhausted much of the necessary political capital. Although the OECD notes that the crisis caused by the coronavirus (Covid-19) pandemic may “rekindle an appetite for discussing further structural reforms”, the report highlights that “the political window for doing so is short”.
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