Two decades ago, Colombia had a largely unfavourable reputation among much of the business community. Drug dealing and kidnappings were far from rare, inflation was beyond 20% and foreign investment flows were generally poor. However, the situation has shifted substantially since then, and Colombia’s economy has been growing quickly,...
Though smaller than regional powerhouses Brazil and Mexico, the Colombian pharmaceutical market has been expanding at a rapid pace in the past few years. Growth prospects for the industry were significantly boosted in 2012, when a reform to the Mandatory Health Plan (Plan Obligatorio de Salud, POS) widened the spectrum of benefits under the...
Since 2002, when the government began the implementation of a programme known as Education Revolution (Revolución Educativa), Colombia has made significant strides towards expanding enrolment at all levels. Quality also became a priority, though improvements in this area have been difficult to implement and the sector continues to face...
In recent years Colombia has become more competitive in sports, raising the possibility of increased commercial prospects and providing a boost to national pride. For example, at the 2011 Pan American Games, held in Guadalajara, Mexico, Colombia was ranked sixth, and placed second, after Brazil, at the South American Games held in Santiago,...
The FIFA World Cup is a highly profitable global sporting event, and Brazil 2014 was particularly attractive for Colombia in terms of private investment. The Colombian national team reached the quarterfinals and climbed to the fourth spot in the FIFA ranking after 16 years without participating in a World Cup. This momentum has paid off and...
With a good investment climate and a 30-year tax exemption for new and refurbished hotels, Colombia’s hotel industry has expanded significantly in the past few years, attracting a growing number of international chains. But while demand is on the rise, the offer is growing at a faster pace and investors are beginning to grow cautious of a...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×