The eyes of the world are on Colombia, with its limited debt, growing incomes and young population. Foreign direct investment is flooding into the country. Analysts looking to capitalize on this boom are calling Colombia the “country to watch in the hemisphere” and “a bright star in the Latin American constellation.”
Below are just a few recent stories featuring Colombia’s economy -- ripe for foreign investment -- in the some of the top business outlets in the U.S.:
* In an August 2010 article called, “Snapshots of the Frontier,” FORTUNE says Colombia is among five countries that are “veritable powder kegs of economic growth.” The article says, “A new-found stability, combined with sweeping privatizations in the export sector and the existence of valuable natural resources…translated into GDP growth averaging over 5% per year between 2004 and 2009.” Click here (http://money.cnn.com/galleries/2010/fortune/1008/gallery.frontier_markets.fortune/2.html) to read the full article.
* Newsweek’s July 16, 2010, article headlined, “Colombia Becomes the New Star of the South,” reports that “…against all odds Colombia has become the country to watch in the hemisphere,” adding that the country is…“gaining kudos and clout. Prospering, democratic, and pro-Western – and with a new leader [newly elected President Juan Manuel Santos] known more for his achievements than for his aura – the most conflicted nation in the hemisphere is now coming into its own.” Click here (http://www.newsweek.com/2010/07/16/colombia-becomes-the-new-star-of-the-south.html) to read the full article.
* The Huffington Post featured a July 6, 2010, piece written by Colombia’s Minister of Commerce, Industry and Tourism Luis Guillermo Plata Paez, titled “Colombia’s New Economic Reality.” In it, Paez outlines 10 things that American investors might not know about Colombia’s economy and business atmosphere, including that the “country expects to see a record 10 billion in total foreign direct investment in 2010...” Click here (http://www.huffingtonpost.com/luis-guillermo-plata-paez/colombias-new-economic-re_b_636384.html) to read the full article.
* On July 2, 2010, a Newsweek article titled “Colombia Unleashes the Civets,” said, “…it’s no accident that Colombia gets lead billing [among the CIVETS countries]. In the past eight years, the Andean nation has gone from dud to dynamo: foreign investment has risen 250 percent. Its stock index is up 15 percent this year, and 35 percent (versus Brazil’s 14 percent) over the decade.” Click here (http://www.newsweek.com/2010/07/02/colombia-unleashes-the-civets.html) to read the full article.
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