Adjusting the Macroeconomic Frameworks to Assess the Impact of COVID-19: Lessons from Colombia

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  • IMF published this video item, entitled “Adjusting the Macroeconomic Frameworks to Assess the Impact of COVID-19: Lessons from Colombia” – below is their description.

    Governments around the world face a familiar challenge to assess the macroeconomic impact of the COVID-19 pandemic. How has IMF-ICD worked with country authorities to adjust their macroeconomic framework and better analyze and forecast the effect of COVID-19 in the economy? Join this event, to discuss with the Colombian authorities how they honed their macroeconomic framework to better mitigate COVID-19 shocks’ impact.

    IMF YouTube Channel

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    In This Story: Colombia

    Colombia, officially the Republic of Colombia, is a transcontinental country largely in the north of South America, with territories in North America. Colombia is bounded on the north by the Caribbean Sea, the northwest by Panama, the south by Ecuador and Peru, the east by Venezuela, the southeast by Brazil, and the west by the Pacific Ocean.

    The capital is Bogotá, the country’s largest city. With over 50 million inhabitants Colombia is one of the most ethnically and linguistically diverse countries in the world. The Republic of Colombia was declared in 1886. Panama seceded in 1903.

    Colombia’s territory encompasses Amazon rainforest, highlands, grasslands, and deserts, and it is the only country in South America with coastlines and islands along both the Atlantic and Pacific.

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  • In This Story: COVID-19

    Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.

    Symptoms of coronavirus

    The main symptoms of coronavirus are:

    • a persistent new cough (non productive, dry)
    • a high temperature (e.g. head feels warm to the touch)
    • shortness of breath (if this is abnormal for the individual, or increased)

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