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.
CAPITAL MARKETS

Lessons from Colombia

Road-building is a classic tool to boost a flagging economy. But as Luis Fernando Andrade, president of Colombia’s national infrastructure agency, tells it, it isn’t plain sailing.



Luis Fernando Andrade Moreno-600


Colombia began working on its so-called 4G toll-road project in late 2011. With Colombian growth then around 5%, the aim was for the 40 separate road projects to combine to boost GDP growth to around 6.5%. However, with the Colombian economy suffering from falling commodity prices – particularly from the fall in oil – the effect of this infrastructure initiative is likely to keep Colombian growth to about 5%. The president of Colombia’s national infrastructure agency, Luis Fernando Andrade, explains how the project has developed and what it might mean for other Latin American nations. 

As lots of Latin American countries begin to look for infrastructure-led growth to replace commodities, what do you think are the keys to success for those countries considering such an economic pivot?

There are a couple of fundamental considerations for those thinking about using infrastructure as a means to propping up the economy. First: what is your starting point? Colombia has one of the poorest national infrastructure networks in terms of performance, which means our logistics costs are very high and therefore the economic impact from solving those bottlenecks is also very high.





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.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

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

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, 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

LOGIN NOW

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