As one of the larger economies in Latin America, Colombia has a track record of above-average GDP growth, a reputation for sound macroeconomic management and market-friendly policies. In 2015 it has demonstrated resilience, absorbing a significant oil price shock – petroleum accounts for roughly half of total exports –while maintaining positive, albeit slower, growth. The economy expanded by...
The Americas Economy
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Chapter | Country Profile from The Report: Colombia 2016
As peace talks between the government of Juan Manuel Santos Calderón and the leaders of the FARC continue in an effort to end 51 years of armed conflict, Colombia’s political climate could now be on the verge of significant change. Both sides agreed in September 2015 to set a deadline by which a final peace accord must be signed – March 23, 2016. If achieved, a peace accord could bolster...
Despite continuing external headwinds, in particular the significant drop in the price of oil since mid-2014, the Colombian economy remained resilient in 2015, expanding by 3.1%.
Articles & Analysis | Essential tips for visitors to Colombia from The Report: Colombia 2016
VISAS: Visitors from the US, Canada, the EU, Latin America, Japan, New Zealand and Australia do not need tourist visas to enter the country. Upon arrival, the National Security Department grants travellers a 90-day stay. Visitors are allowed a total of 180 days every 12 months for tourism purposes...
Articles & Analysis | Colombia's leading business and leisure hotels from The Report: Colombia 2016
EK HOTEL Cl. 90 #11-13, Bogotá T: +57 (1) 7455757 www.ekhoteles.com Rooms: 40 rooms with queen bed, 10 rooms with two full beds and 20 junior suites. Business & Conference Facilities: 3 meeting rooms with capacity for 70, 40 and 25 people. Health & Leisure Facilities: Central locations in a major district, with six restaurants offering...
Articles & Analysis | With time, fiscal policy in Peru will stimulate economy from The Report: Peru 2016
Faced with slower GDP growth in 2014 and 2015, Peru is working to reinvigorate economic expansion through a series of counter-cyclical fiscal measures, aimed at developing infrastructure and education in particular. However, these spending packages have so far met with mixed results and will likely require more time to yield the broader...