Colombia: regional leader

"Undoubtedly, Colombia, like many other exporters of raw materials in the region, is facing some headwinds resulting from falling prices of raw materials. The significant drop in oil prices in particular poses a major challenge for the Colombian economy, given the proportion of that product in its exports. Still, we expect that growth will be better than many other countries in the region and will rebound in 2016.

Something equally important is that the Colombian authorities have accumulated substantial buffer defenses, which should help mitigate the impact of the oil shock in the economy in the short term. For the future, it will be important that the government continue its efforts to diversify the export base so that the economy less dependent on raw materials cycle. In particular, the structural reform program proposed by the authorities seems appropriate and should help reduce the infrastructural deficiencies and diversify sources of growth.

In general, the outlook for Colombia remains positive despite the current slowdown. The country has sound economic policies to promote economic and financial stability and to continue taking steps to ensure improving living standards and reducing poverty.

Finally, I would like to say a final peace agreement between the Colombian government and the FARC, could lay the groundwork for further economic development in some regions of Colombia and to improve the business climate in the country, "said Lagarde.Durante the opening of the sixth Summit of the Americas in Cartagena in 2012, President Juan Manuel Santos said Colombia would be in a relegated to being a leading country in Latin America position.

With these words Santos opened the summit: "We aim to take -after 40 years of being on the defensive leadership that corresponds to us on the international stage. It must be known not just be left to globalize globalize ".On the other hand, for the president of our hotel chain Fernando Sanchez Paredes, the boom that the country will in the coming years will be the main engine to the tourism industry.

Sanchez Paredes believes that tourism will become "a locomotive super regional and urban development of the country and perhaps the main export industry services." For him the next step to the signing of the peace agreement with the guerrillas is a great growth of service sector: the sector experiences.