Colombia is considered to be one of the top countries for its ease of doing business and is widely considered to be the most business-friendly country in Latin America. With continued Foreign Direct Investment at record levels, Colombia is exceptionally well positioned, and its economy is forecast to grow by 3.5 per cent in 2019.<\/p>\n<\/div>
Since the death of Victor Carranza in 2013 the emerald region of Boyaca is now open to foreign investment. At the same time, Colombia\u00b4s cities have prospered and developed into modern business hubs, complete with the high standard of infrastructure and services that exploration and mining companies require.<\/p>\n<\/div>
Colombia has a rich history of hosting top quality mineral resources in gold, coal and nickel. The mining and resources sector is a significant contributor to the Colombian economy and one of the country\u00b4s largest export sectors.<\/p>\n<\/div>
Colombia also has one of the highest percentages of public utility coverage in South America. It has modern telecommunications infrastructure and has invested substantially in transportation infrastructure, as well as many government incentives, tax breaks, low-cost and skilled labour force.<\/p>\n<\/div>
\u201cColombia\u2019s economic performance remains solid. I commended the government\u2019s policy response to the sharp drop in world oil prices by strengthening fiscal policy more than required under the fiscal rule and by tightening monetary policy while allowing the exchange rate to depreciate. The agenda to upgrade infrastructure is a key reform that will improve the country\u2019s prospects over the medium term.\u201d<\/p>\n
\u2013 Christine Lagarde, International Monetary Fund\u2019s Managing Director, February 5, 2016<\/em><\/p><\/h6><\/div>