Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
AmericasApril 2 2013

Colombia's finance minister looks for growth in equal measure

Colombia might boast one of the strongest economies in Latin America but the country's finance minister, Mauricio Cardenas, is more than aware that its economic growth – which is largely dominated by its energy and mining sectors, which benefit only a small proportion of the population – needs to be diversified and its rewards better distributed.
Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
Colombia's finance minister looks for growth in equal measure

Q: What are the principal reasons why the Colombian economy is one of the most promising in Latin America today?

A: Essentially, since [Colombia’s own] financial crisis in the late 1990s, the country has had a much stronger fiscal framework and a stronger monetary framework. So we have had low inflation, low fiscal deficits, declining debt and simultaneously sound economic growth. In a nutshell, strong macroeconomic fundamentals.

To continue reading, join our community and benefit from

  • In-depth coverage across key markets
  • Comments from financial leaders and policymakers worldwide
  • Regional/country bank rankings and awards
Activate your free trial