Know The Reasons To Invest In Colombia And Why It’s A Good Decision
Over the years Colombia faced economy crisis more than we could ever imagined yet they managed to turn the problem into an opportunity. Due to the overall growth of the economy in Latin America and lessened gap concerning social inequality Colombia can be one of the countries your business can invest. Currently, they have been the most attractive to international investors as well. With their determination in eliminating corruption, fraud, money laundering and tax evasions into their system Colombia had improved their public image. Investing in Colombia has never boomed this much, as the Colombian government had made a commitment in achieving their development plan which involves investing in Innovation, Housing, Energy, Infrastructure, Agribusiness and Mining.
Aside from that there are more reasons investing in Colombia is the smartest decision you can make.
Colombia’s economy had an average of 4.8% growth rate over the past five years and they are higher than the estimated growth rate for Latin America. Not just that because later in 2014, Colombia went from Baa3 to Baa2 in Moody’s rating system which means that from having the ability to repay short-term debt they were accelerated to have a high ability. The ratings were also endorsed by the Standard & Poor’s Financial Services which is located in New York and by the Fitch’s which is one of the big three credit rating agencies and is nationally recognized statistical rating organization.
Another reason to invest in Colombia is because according to “Doing Business 2015”, Colombia ranked 10th place worldwide while 1st place in Latin America in Investor Protection. Colombia made sure that foreign or local investments will not be lost through fraud or any other financial crimes. Furthermore, Colombia had proven their stability through increasing number of investments annually.
According to IMD 2014 ranking Colombia has the most skilled workers in all South America. Also, it’s also the top country outperforming Brazil, Chile, Peru, Argentina and Venezuela. It is one of the countries that has the largest annual increase in availability of human resources. Colombia made sure that they produce the best businessmen by improving the quality of education having seven of its universities are amongst the best in the world.
It is best to invest in Colombia because it is one of the top countries in Latin America when it comes to reforms that focuses on business development. Since 2005, they were able to produce 29 reforms.
Investing in Colombia has never been this great! Colombia currently has 10 free trade agreements with access to over 45 countries. It also has 1,500,000,000 consumers in markets that are located in US, European Union, Brazil, Mexico, Chile, Peru and a pending agreement with Costa Rica and Korea.
Colombia surely was able to rise from the business scandals. They are continuing to improve their image and performance. All these facts are a proof that investing in Colombia is a win-win situation for both local and foreign investors.