Colombia’s economy grows above those of its neighbours despite the ongoing crisis of commodity prices. Meanwhile, peace talks with guerrillas face the final stretch and major cities such as Bogotá, Medellín and Barranquilla consolidate as regional capitals of finance, culture and fashion.
As three-year old peace talks between the government of Juan Manuel Santos Calderón and the leaders of the Revolutionary Armed Forces of Colombia (Fuerzas Armadas Revolucionaries de Colombia, 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...
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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...
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