Colombia's investment opportunities

Alvaro Uribe, President of Colombia, has always been a preacher of foreign investment as a fundamental economic policy that would fuel the country´s growth. That’s the reason he spent most of his time lobbying investors in New York the past week.

But there is a major reason he wants to promote Colombia as a foreign investment destination so passionately.

The Colombian economy shrank 0.5 percent during the second quarter of this year, pushed down by the industrial and retail sectors, which are, by the way, the biggest employers in the local economy. It was the third straight quarter in which the Colombian economy has fallen, the longest slump in a decade.

In order to spur growth in Latin America’s fifth-biggest economy, the government has decided to spend over $28.5 billion in infrastructure projects, whereas the Central Bank has cut rates from a record high of 10 percent in November to a record low of 4 percent in September.

So, the current anti cyclical economic policy provides an excellent environment to invest in a country full of opportunities.

Finish reading the article at Colombia Report.