The end of the formal conflict between FARC and the government has boosted the country’s image abroad, allowing the tourism industry to fulfil its potential in areas that were previously out of bounds. Medellín, once known as the home of drug cartels, is now a focal point for innovation in Latin America. As such, it is set to become a regional leader in creative industries, an incentive...
The Americas Economy
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Chapter | Country Profile from The Report: Colombia 2019
Since the drop in commodity prices in 2014, Colombia’s economy has been recovering and is set to expand in 2019 and 2020. In May 2018 Colombia was invited to become the 37th member of the OECD, a positive development that should increase the country’s international political and economic prominence in the coming decades. However, challenges to ensuring Colombia’s continued economic progress remain.
Economic update | Nuevas medidas forman parte de los esfuerzos del Perú para limpiar décadas de corrupción
20 Jun 2019
Perú intensifica sus esfuerzos para controlar la corrupción y mejorar la transparencia en los procesos gubernamentales, luego de una serie de escándalos recientes en las más altas instituciones del Estado; sin embargo, ciertos obstáculos políticos podrían frenar el ritmo de la reforma.
Interviews & Viewpoints | Julio Velarde Flores, President, Banco Central de Reserva del Perú: Interview from The Report: Peru 2019
Articles & Analysis | Peru embarks of taxation and formalisation efforts to meet deficit targets from The Report: Peru 2019
Peru has made progress in reducing its fiscal deficit, bringing it down from 3.1% of GDP in 2017 to 2.5% in 2018, before reducing it further to 2.1% in February 2019, according to the Central Reserve Bank of Peru. Furthermore, Scotiabank Perú, the local subsidiary of the Canada-based financial institution, has forecast the deficit will be...
Interviews & Viewpoints | Carlos Oliva, Minister of Economy and Finance: Interview from The Report: Peru 2019
What sectors of the economy is the government prioritising for foreign direct investment (FDI)?