Small businesses are the backbone of Colombia’s economy, but the recent economic slowdown has hit them particularly hard. As in many other countries, micro-, small and medium-sized enterprises (MSMEs) face a range of challenges that are far less binding for larger firms that benefit from economies of scale.
How can Colombia further diversify its economy, and what barriers have there been to doing so?
What are the main aims of the recent structural tax reform, and what effect is raising value-added tax (VAT) to 19% expected to have?
After five decades of civil conflict between the state, FARC, the National Liberation Army (Ejército de Liberación Nacional, ELN) and other paramilitary groups, Colombia’s painstaking peace process achieved a breakthrough in 2016. Negotiations between government and FARC guerrilla representatives had been under way in Havana, Cuba, since...
Rapid economic growth in the decade leading up to 2012 saw Latin America’s middle class double in size, as more households moved out of poverty. Colombia was one of the continent’s fastest-growing economies during this period. The emergence of the region’s middle class has signalled important social progress and new investment opportunities....
How can Colombia better reach the goal it set for itself in becoming the third most competitive country in the region by 2032?
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