Colombia

The cities of Colombia are becoming increasingly connected, thanks to new urban transport systems that are being built to meet demand from a rising number of daily commuters.

What port management upgrades are needed to meet the projected increase in demand? COSTA: Colombia’s defective transport infrastructure has a direct impact on its competitiveness, logistics performance and, more generally, on its potential for economic growth. In order to achieve the necessary upgrades, Colombia needs to invest in...

While its Pacific Alliance partners Chile, Peru and Mexico have developed large formal mining sectors, Colombia’s internal conflict has prevented it from following suit. Although the country was home to prolific gold mines during the colonial era, at present only 10-15% of the 57 tonnes of gold produced each year comes from registered, tax-paying mining companies. The rest...

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...

Over the past decade the oil industry has been at the centre of Colombia’s economic growth. The sector accounted for nearly one-fifth of all foreign direct investment (FDI) over the past 10 years, approximately half of all export revenues and, through taxes and royalties, provided up to 30% of government income. Consequently, the fall in the...