This section provides information about the Improved Business Environment in Colombia:
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Historically, Colombia has been distinguished by outstanding economic stability. GDP growth remained constant over the last seventy years.
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Colombia has managed to control inflation, and it has never experienced hyperinflation. This stability has been reinforced by the inflation rates of a single digit from 1999.
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Colombia has never failed to fulfill its international financial obligations.
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Exports have increased since 2002, growing from USD 12 billion to USD 37 billion in 2008.
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Agencies examining the economy showed improvement in Colombia's confidence index. For 2008, S& P, one of the most prestigious risk examining agencies, gave Colombia a BB+ rating in regards to its long term foreign currency debt.
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Direct foreign investment increased 400% since 2002. During 2008, USD 10.6 billion came into the country. International companies including SAB Miller, Drummond, Votorantim, Phillip Morris, GE Money were among the many to invest in multimillion dollar projects in Colombia.
If interested in obtaining more data on Colombian Growth and Stability, we invite you to go to this section.
 Colombian Economy: An Improved Business Environment (May 2009) | [Colombia, the least volatile economy in Latin America] | 645 Kb | 14/05/10 14:06 |
