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Colombia

Capital: Bogota , GDP growth (annual %) 2016 : 2.0%

Odebrecht agrees to pay $220 million fine, aid Panama probe

Brazilian engineering company Odebrecht [ODBES.UL] agreed to pay $220 million in fines and will cooperate with investigators probing bribes of Panamanian officials, the Central American country's attorney general said on Tuesday.

The fine included $100 million for using the banking system for illicit activities, said Panama's attorney general, Kenia Porcell.
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Colombia introduces tax reforms to bolster state coffers

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Colombia seeks post-conflict tourism boom

Improved security conditions and new air linkages are raising Colombia’s appeal as an international destination and helping to drive increase in tourism.

The number of foreign arrivals rose by 13.7% year-on-year to 2.34m in the initial 11 months of 2016, according to the new figures from the Ministry of Commerce, Industry and Tourism.
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Key Facts: Full name: Republic of Colombia
Population: 46.9 million (UN, 2011)
Area: 1.14 million sq km (440,831 sq miles)
Major language: Spanish
Major religion: Christianity
Life expectancy: 70 years (men), 78 years (women) (UN)
Monetary unit: 1 Colombian peso = 100 centavos
Main exports: Petroleum, coffee, coal, gold, bananas, cut flowers, chemicals, emeralds, cotton products, sugar, livestock
GNI per capita: US $6,110 (World Bank, 2011)
Internet domain: .co
International dialling code: +57

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Climate change laws around the world
2017/05/14
There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.

The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.

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Colombia Economic Overview The oil shock was a drag on growth
2017/05/08
Colombia

Growth to accelerate after the fall in oil prices

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Colombia Year in Review 2016
2017/04/18
The recently brokered peace transaction between the government and the FARC could usher in a new era of increase for the Colombian economy. However, even if the agreement holds, it will take time for the dividends of peace to pay out.

At the end of November the Colombian Congress signed off on a peace accord by the government and FARC representatives, bringing within reach the end of the 52-year-long conflict. The government received congressional approval for a modified version of the agreement only two months next a peace transaction was initially rejected by a referendum vote in early October.

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Latin America Economy Renewed confidence in Latin America’s brightest economy
2017/03/04
The PPK cabinet has been working diligently to modernize the country and replace business confidence, while unlocking investments and infrastructure megaprojects in a bid to boost the country’s economy

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Latin America: external vulnerabilities and FX pressure valves
2015/10/03

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Colombia Year in Review 2014
2015/04/01
While falling investment and lower commodity prices weighed on Latin America in 2014, Colombia’s economy displayed resilience that led to it outperforming a lot of of its neighbours.

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Colombia real estate booms outside capital
2014/08/16
Legal uncertainties surrounding a land management plan in Bogota have led to a real estate paralysis in the Colombian capital, although investors and developers are finding rich pickings in other municipalities nearby.

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Ana María Badel, Executive Manager of ProBarranquilla
2014/01/03
Barranquilla is one of Colombia\\\'s most investment friendly cities, thanks to its geographical advantages and the work of an organization called ProBarranquilla

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The Latin American way new Trans-Pacific Partnership
2013/11/15
Cross-border trade bodies in the Americas have a variable record, with critics rounding on the likes of Mercosur or even the new Trans-Pacific Partnership. However, the Pacific Alliance – largely driven by the private sectors of Chile, Peru, Colombia and Mexico – appears to be showing how such bodies can work entirely.

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Colombia stock exchange chief looks to make up capital market ground
2015/07/28
The chief of Colombia's stock exchange, Juan Pablo Cordoba, discusses the need for further capital market integration in the Andean region, and tells Silvia Pavoni how deepening its capital markets ties in with the country's wider economic plan.

As is the case in most Latin American nations, Colombia is looking to develop its capital markets and attract investment to its economy. Unlike a lot of Latin American nations, however, Colombia has been very proactive in its attempts to achieve these goals.

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Ubeimar Delgado Governor of Valle del Cauca
2013/08/06
As Cali is placed in the international spotlight with the organization of the World Games, United World interviews Ubeimar Delgado, Governor of Valle del Cauca who describes the event as an “opportunity for the region”

So we are talking about investment with tourism potential – since we have talked about the breakwater and the Calima Lake. Could you tell us about Valle del Cauca’s tourism potential?

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Ubeimar Delgado Governor of Valle del Cauca
2013/08/06
As Cali is placed in the international spotlight with the organization of the World Games, United World interviews Ubeimar Delgado, Governor of Valle del Cauca who describes the event as an “opportunity for the region”

So we are talking about investment with tourism potential – since we have talked about the breakwater and the Calima Lake. Could you tell us about Valle del Cauca’s tourism potential?

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Mr. Gabriel Díaz President of Grupo Oikos
2015/05/29
Oikos closed 2014 with 25% increase, with a turnover of COP 479.000 million. For 2015, it has set the ambitious target to grow 20%.

After the historical Summit of the Americas –one of reconciliation, as Cuba was present–, how do you see Colombia\\\'s positioning as a regional leader over the years?

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