The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Colombia: Improved security boosts foreign investment

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.

After seven years in power, Uribe’s government has created an attractive investment environment through a mix of financial reform and a concentrated effort to improve Colombia’s security situation. This year foreign direct investment is forecast to reach $10 billion, up from the $8.56 billion that flowed in last year despite the financial crisis. In 2008, the foreign investment rate reached 26.5% of Colombia’s GDP, making it the highest level in the region. FDI has increased by more than 300% in the past five years.

"If someone had told me that I would be able to relate this story about FDI 10 years ago then I would not have believed them.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree