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Analysis

Stakeholders to boost Barranquilla, Atlántico as an offshore energy hub in Colombia
OBG
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Recent hydrocarbons discoveries have resulted in a renewed push for exploration in the Colombian Caribbean Region, as government and energy sector stakeholders set their eyes on a series of largely unexplored onshore and offshore blocks. Barranquilla, the capital of the Atlántico department, is well placed to serve as an energy hub for a prospective offshore industry. The city has a variety…

Analysis

New road improvement programme to increase Colombia's global competitiveness
OBG
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Colombia’s ambitious fourth generation (4G) road programme is a key part of the government’s transport infrastructure development strategy. The programme aims to build 45 new highway links and upgrade and renovate existing stretches of roads across the country for a total investment of $24bn. Most of the concessions are public-initiative, public-private partnership (PPP) agreements, although…

Analysis

Housing deficit to narrow with low-income homes and increased access to credit in Colombia
OBG
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With economic growth reducing poverty and increasing the size of Colombia’s middle class, government programmes are having a major impact in lowering the country’s housing deficit. Programmes to allocate free homes to the lowest-income segments, reduce the costs of acquisition and ease access to banking credit for other segments of the population have absorbed a considerable amount of state resources.…

Analysis

Fruit drives growth in Colombia's agriculture sector
OBG
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With the agriculture sector seeking ways to boost production and increase output, many eyes are on Colombia’s fruit sector, which has the potential to deliver big returns to the industry. In Latin American, Colombia is the country with the third-largest area of planted land for only fruits and vegetables at 921,000 ha, after Brazil and Mexico. However, in terms of production volume it ranks…

Analysis

Improved internet access in Colombia sees e-commerce surge
OBG
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With rising numbers of internet users and improved access to telecoms services across the country, Colombian consumers are turning to e-commerce as an easy option for shopping. So far, online transactions have focused on a select group of products. However, expansion of e-commerce activities promises to expand online shopping into a growing number of products and services as a rising number…

Analysis

Colombia's tourism sector welcomes new hotels
OBG
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Economic stability and enhanced security have drawn interest from hotel groups looking to capitalise on increased business and investment activity in Colombia. However, recent falls in oil export revenues have reduced fiscal incentives to expand tourist infrastructure, and the hospitality industry is hoping that the rising number of tourists will support ongoing expansion. Room For Growth The…

Analysis

Financial and business regulations promote a healthy Colombian economy
OBG
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The Central Bank of Colombia is the authority on matters of monetary policy and currency exchange. Under the constitution and foreign investment regulations, foreign investment in Colombia shall receive the same treatment as an investment made by Colombian nationals. The conditions for repatriation of foreign investment and remittance of profits in effect at the time the investment is registered…

Analysis

Retail expands in Colombia as disposible incomes rise and poverty rates decrease
OBG
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Growth of the economy has translated into an expansion of disposable income for some segments of the Colombian population. Consequently, the retail sector has been developing at an unprecedented speed. This has led to an expansion of the fast-moving consumer goods (FMCGs) segment and a vast increase in modern retail space across the country. Not only has the retail sector been buoyed by new…

Overview

Colombia's cultural heritage blends tradition and modernity
OBG
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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 conflict. However, with…

Overview

Political stability generates new optimism in Colombia
OBG
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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. This coincided with the apparent bottoming out of the country’s economic deceleration.…