Published on : Friday, August 25, 2017
Columbia is about to see the light of peace after the fight of over a century. Last November, the peace deal brought the 52-year old conflict to an end with the Revolutionary Armed Forces of Colombia.
It is being thought that it would usher in a new era of prospect and affluence for the country. To add, the Economist named Colombia as the country of the year in 2016 for “the colossal achievement of making peace.”
The guerrilla movement had administered a huge portion of the country. However, those regions, at present are flourishing with opportunities for business and tourism. Colombia has appeared as one of great turnaround country in history from the peace agreement.
This will eventually establish economic future and long-term stability for Columbia.
In fact, according to the International Monetary Fund, this year, the Colombian economy is predicted to increase by 2.3% above the 1.1% average for Latin America. In addition, the economy is balanced to keep on growing. It’s driven by much needed development in the post-conflict regions, which spread across the Northern Atlantic Coast to the East and Southeast. According to the Colombian government, peace will provide an extra growth between 1.1% and 1.9% respectively.