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Economy
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Colombia is poised for expansion in 2019 and 2020, despite some internal and external challenges that have not abated since 2018. Growth of the Colombian economy will be determined by which side of the scale advances further in the short term: strong consumer spending and increased investment in the construction sector due to the ongoing Fourth Generation road programme, or a deepening current...
Chapter | Country Profile from The Report: Colombia 2019
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...
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 | The Philippines’ central bank cuts reserves in a bid to boost liquidity
26 Jun 2019
In response to a moderate slowing of economic growth, the Philippines’ central bank, Bangko Sentral ng Pilipinas (BSP), has enacted measures to boost liquidity and encourage lending.
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.