The Board of Directors of Banco de la República, in accordance with the provisions of article 5° of Act [“Law”] 31/1992, submits to the Congress of the Republic of Colombia a Report on the macroeconomic performance of years 2014 and 2015 to date. Similarly, targets adopted for the current year by the Board of Directors and prospects of the different macroeconomic variables are shown. The last two chapters report the composition of foreign reserves and the projection of Banco de la República’s financial situation for year 2015.