Colombia Economy

If it were not for its history of crime and security issues, Colombia would likely be at the top of regional ease-of-doing-business rankings. Reforms implemented over the past 15 years have created an open environment conducive to an expanding private sector. One of the mechanisms for stimulating this expansion has been the implementation of a...

Few countries have seen economic growth as consistently as Colombia, where I lived as a student in a university exchange programme in 1977 and 1978. Over the past 50 years, only once – in 1999 – did the growth take a negative turn. However, because of its recent history, challenged by security and drug-related conflicts, Colombia has been...

Steady economic progress, coupled with renewed security after a tough fight to increase stability in guerrilla-held rural areas, have renewed confidence in Latin America’s third-largest country. Indeed, it appears as though Colombia’s reputation as a major global narcotics trafficker and home to crime and instability has finally given way to a...

On December 26, 2012 Colombia’s Congress passed and approved Law 1607, a fiscal reform bill designed to modernise the tax system and in the process help stimulate job creation. The reform is also anticipated to have tangible effects in combating the high level of inequality by raising the top income tax rates and creating vehicles for increased...

Latin America is a region on the rise. Politically stable, economically prosperous and with a strong vision, countries like Chile, Mexico, Colombia and Peru are growing at enviable rates, setting themselves apart from the regions’ previous era, which came to be called “the lost decade”. While the continent keeps testing integration formulas,...