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AmericasFebruary 22 2011

Colombia emerges as Latin America's unlikely safe haven

Once renowned as one of the most dangerous countries on the planet, Colombia has tackled much of it's drug-related problems and boasts one of the best-performing economies in Latin America, which is attracting international investment and in turn creating myriad opportunities for the country's banks.
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Colombia emerges as Latin America's unlikely safe havenMedellin has undergone a dramatic transformation

There is something striking about Colombia's second city, Medellín. Surrounded by green hills, its centre is adorned by Fernando Botero’s sculptures and basking in almost constant sun, Medellín used to be known as the town of eternal Spring due to its mild climate.

Colombians look at 'the paisa', as the citizens of Medellín are colloquially known, as natural businessmen and among the hardest workers in the country. It is not unusual for business meetings in the city to start at 7am, and lectures at the its university often commence at 6am. 

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Silvia Pavoni is editor in chief of The Banker. Silvia also serves as an advisory board member for the Women of the Future Programme and for the European Risk Management Council, and is part of the London council of non-profit WILL, Women in Leadership in Latin America. In 2019, she was awarded an honorary fellowship by City University of London.
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