Via Ozy, an interesting look at Colombia: Ten years ago, the world had written Colombia off as a tangled wreckage of drug cartels, Marxist guerrillas and paramilitary death squads, where violence was the norm and hope was for the naïve. But now many Colombians are dreaming of what only a few years ago seemed unthinkable […]
Read more »Via Emerging Market Insights, a look at Colombia: Multinationals have for years considered Colombia one of the safest long-term bets in Latin America, but over the last several months a more negative picture of the country has emerged. Colombia, much like other emerging market countries, has faced weakening external demand and currency volatility in recent quarters. […]
Read more »Courtesy of The Financial Times, an article on L’Oréal’s entree into Colombia and its plan to use that nation as launch pad into other parts of South America: Colombia’s female beauty is renowned for being naturally stunning. Sometimes there are some enhancements to what nature originally provided, though, helped by the scalpel of a plastic […]
Read more »Courtesy of The Financial Times, a detailed look at Ecopetrol: Never mind its recent fall in profits. Many energy companies would drool at Ecopetrol’s impressive growth rate so far. Since 2008, Colombia’s state-controlled oil company has increased production at a rate of 16 per cent a year. “We are focused on sustaining this growth rate, […]
Read more »Courtesy of The Financial Times, a report on Burger King’s plans to expand in Colombia: Just months after it announced an ambitious plan to take on arch-rival McDonald’s in China, Burger King is back with another expansion plan. This time, the company is teaming up with Promotora, a Colombian private equity fund, to beef up […]
Read more »Courtesy of The Financial Times, a comparison of Colombia and Argentina, and a reflection on Colombia’s rapid rise: Two years ago, when we started our tenure at Colombia’s finance ministry, we realised that, using IMF data, Colombia’s GDP had become larger that Venezuela’s. Having been trailing behind our neighbour for decades, such an achievement was […]
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