With broad political support and efforts to improve the licensing process, the mining industry looks set to experience a rebound in 2019. While investments in coal production are unlikely to increase substantially in the coming years, segments such as gold, copper, nickel, emeralds, and other metallic and non-metallic minerals will provide attractive targets for investment. Government efforts to…
Industry got off to a strong start in 2019, as domestic consumption and exports rebounded. The national government’s policies to expand successful programmes and do away with under-performing ones, together with a focus on improving productivity and leveraging collaboration between the country’s regions, should help to strengthen industrial capacity. However, while efforts to modernise and reduce…
Interview:José Manuel Restrepo How can Colombia boost international trade? JOSÉ MANUEL RESTREPO: Our strategy to boost productivity includes a push to actively participate in global value chains by capitalising on our free trade agreements and strengthening the country’s export capacity. We are reaching out to business owners across the country to support them in their export development…
Interview:Kelvin Dushnisky How competitive is the local mining industry, and what reforms are necessary to boost activity? KELVIN DUSHNISKY: We believe that Colombia has an opportunity to encourage diversification in largescale mining, which until now has largely been focused on coal. While Colombia is a relatively new location for large-scale mining projects, the country is making steady progress…
Colombia has a well-established industrial base with a presence in a range of products, from processed foods to vehicle manufacturing. While growth rates for some industrial lines have been robust during the past decade, the economic slowdown experienced in 2016 and 2017 stunted industrial development as a whole during those years, adding to long-standing challenges such as high transportation…
The global economy is entering the Fourth Industrial Revolution (4IR), or Industry 4.0, based on the application of new digital and automated technologies in production processes and service delivery. These changes are bringing emerging markets improved productivity, as well as risks – namely, reshoring and the displacement of human labour by automation. Wealthier emerging markets, such as…
While it is a polymetallic country with robust resources of coal, gold, copper, nickel and emeralds, Colombia’s mining sector remains underdeveloped, accounting for less than 2% of the country’s GDP since 2012. As a result of its potential, past and present administrations have long identified mining as a key pillar of the country’s economic growth. However, the sector has faced numerous…
Colombia is home to a distinctive blend of ethnicities, cultures and geography, has the second-largest population in South America and is the continent’s fourth-largest country. After spending much of the second half of the 20th century embroiled in the world’s second-longest modern civil war, the 2016 peace accord brought a formal end to the conflict between FARC and the government. The end o
The global economy is entering the Fourth Industrial Revolution (4IR), or Industry 4.0, based on the application of new digital and automated technologies in production processes and service delivery. These changes are bringing emerging markets improved productivity, as well as risks – namely, reshoring and the displacement of human labour by automation. Wealthier emerging markets, such as…
After a stagnant performance in 2017, the retail sector gained momentum in 2018, growing by 6.2%. Inflation was near the central bank’s target at 3.2% during the year, and this combined with the government’s December 2018 decision to increase the minimum salary by 6% for 2019 and general improvements in the country’s economic performance have translated to increased disposable income…
