Following a landmark peace agreement and a late-2016 tax reform package, 2017 looks to be a year of significant promise for Colombia. The country has been in recovery since the 2014 collapse in oil prices, which predominantly affected exports, government revenues and the exchange rate. However, with the external sector acting as a shock absorber, the authorities helped ensure that domestic demand was able to pick up some of the slack.
Un impulso para aumentar la producción minera, como parte de esfuerzos mayores para amortiguar el impacto de los ingresos procedentes de hidrocarburos inferiores, está cogiendo fuerza a pesar de que la oposición local está creando cierta incertidumbre.
What can be done to help Colombia remain attractive to foreign investors given high energy costs?
Largely cut off from foreign investment during the 1980s and 1990s due to security concerns, Colombia developed a wide variety of local manufacturing businesses and brands. Companies such as drink maker Postobón, cement firm Cementos Argos or burger chain El Corral are household names in Colombia.
Fast-moving consumer goods (FMCGs) are often considered a recession-proof segment. Although margins are relatively thin, demand for basic items such as processed food, cosmetics and alcoholic drinks tends to rise steadily, especially in emerging markets with growing middle classes. According to a September 2015 report by the National...
The drop in commodity prices, particularly gold, has created challenges for both the government and private players in Colombia’s mining industry. In 2015 Goldman Sachs ended its brief foray into the natural resources sector, selling its coal-mining division to Murray Energy. The US investment bank had paid around $200m for Coalcorp’s La...
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