This document studies the relationship between economic growth and monetary poverty in rural Colombian during the first two decades of the 21st century. It estimates the effect of economic growth on changes in poverty level by using microeconomic techniques and the poverty – growth econometric model, identifying that the pattern of growth would have benefited the poorest households to a relatively greater extent. Relevant findings are reported on the typology of growth, the sensitivity of poverty to growth throughout this period, and differences within urban and national context. Finally, it is concluded that for the first two decades of the century, poverty has indeed benefited from the increase in income, but the need to complement this effect with redistributive changes is evident.