Following congressional approval of a landmark peace agreement, and a late-2016 tax reform package (see analysis), 2017 looks to be a year of significant promise for the Colombian economy. The country has been on the recovery since the 2014 collapse in oil prices, which predominantly affected exports, government revenues and the exchange rate...
What is needed for small and medium-sized enterprises (SMEs) to play a bigger role in the economy and have a stronger share of GDP?
Politically, economically and socially, Colombia may be at the most important turning point in its modern history. After 52 years of fighting, the landmark peace deal between the government and the armed militant group FARC, the country’s largest and well known guerrilla group, was concluded in late 2016.
Blessed with a rich cultural and natural heritage, Colombia is also strategically located at the crossroads of South and Central America, and is the only South American country with both Pacific and Caribbean coasts. Moreover, it is something of a contemporary paradox in that it has both a long tradition of democratic institutions and an abiding history of internal political...
After coming dangerously close to becoming a failed state, over the past two decades Colombia has regained control over its territory by clamping down on violent drug cartels and guerrillas, and setting the stage for a protracted boom that transformed it into South America’s second largest economy. In less than a generation, Colombia went from...
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