As a result of the recent devaluation in Argentina, Colombia’s $350 billion economy has surged ahead of Argentina to become the third largest economy in Latin America, led only by Brazil and Mexico.
My wife and I vividly remember the devaluation of Argentina’s currency in 2001. The streets were full of the Argentinian citizens, banging on pots and pans, chanting loud protests against the state of affairs at the time. The country did manage to recover, but it was a fragile recovery. Argentina is now suffering its second large devaluation in the last 15 years.
Colombia’s ranking is a monumental improvement from the Colombia I knew in the 1980's and 90’s -- then known for its drug violence and civil war. When I was in Bogota last month, I was encouraged to hear the Colombian government is promoting public-private partnerships with global companies for new infrastructure projects in the country. One example is the new, state of the art, impressive international airport in Bogota. I look forward to watching the county take off.
Read more about this exciting “win” for Colombia here...click link.
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