Colombia economy outpacing central bank predictions

Colombia Central Bank governor stated recently that Colombia’s economy will outpace original economic growth projections.

The Andean country’s economy was slated to grow 4.5% for 2011, but is likely to soar to 5.5%.

Colombia’s economy has benefitted from several years of stabilization, a growing middle class, rising domestic consumption and astronomical gains in foreign direct investment in the past decade.

Significant buzz of future growth has been created as the US & Colombia are making promising steps towards signing a free trade agreement.

Former Colombian Attorney General, Carlos Arrieta Padilla will be giving our keynote address on the promise of the Colombian economy at the Andes Investment Summit. Click here to see the full conference program.

In the meanwhile, stay tuned for more Colombia, Peru and Chile updates!