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April 2010

Colombia: Improved security boosts foreign investment

by Chloe Hayward

FDI forecast to hit $10 billion; Election unlikely to change economic policy


Investors interested in Colombia can bank on a continuity of president Álvaro Uribe’s economic policies irrespective of who wins the presidential elections next month, according to his deputy.

"We now have a society that will not allow any reverses in current policies. I don’t foresee any of the presidential candidates bringing in big changes in economic policy, even the leftist candidate," says Francisco Santos Calderón, the vice-president of Colombia, speaking to investors in London in March.

A senior banker agrees. "Uribe is still very popular and so presidential candidates are taking steps to ‘Uribe-ize’ their ideas," he says.


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