I had my doubts about Medellín. Next time someone says “most dangerous city on earth”, I’ll pull a machine gun on them – that spurious claim was made over a quarter of a century ago, in Time magazine in March 1988. Like Bogotá and Santiago de Cali, Medellín is a much wealthier, safer and more fashionable city these days, and its year-round summery climate, nearby forests and bird reserves and, indeed, the fact that it hasn’t been backpackered into oblivion – unlike Cusco, say – makes it a rather more desirable destination.
Colombia’s economy expanded more than expected in the second quarter, as a boom in the construction industry prevented a deeper slowdown in the broader economy amid falling commodities prices.
From Argentina to Brazil to Mexico to Venezuela, the largest Latin American economies are suffering from collapsing commodities prices, slowing or lost growth and widening corruption scandals. Then there's Colombia. It has its share of trouble too. Oil is its chief export, and the 14-month crude-price collapse has pushed the peso down 37 percent and the COLCAP stock index down 53 percent. Obscured by these devastated markets, though, there's evidence to suggest that Colombia, with a population greater than Spain's and more land than France, is the dark horse among international investors.
A government agency under the Ministry of Commerce, Industry and Tourism, ProColombia is benefiting from an integrated approach, being responsive to investors and even how social media is helping revolutionize the way you get ideas about places to go.
Colombia’s vibrant capital of Bogota is hosting three competing international film festivals this year. After decades of being overshadowed by the coastal town of Cartagena, and its well-established film fest run by producer Diana Bustamante, the capital will see two new film fests launch in 2015. They join Bogocine (Oct. 20-28), led by founder Henry Laguado since 1984, which will face stiff competition for films and sponsors.
Lollapalooza is boosting its global stage presence with a new music festival in Colombia.The festival franchise, which marks its 11th anniversary in downtown Chicago this weekend, will make its debut in Bogotá in the fall of 2016.
The seeds of a venture investment scene are beginning to sprout at the early stage in Latin America, and now countries like Colombia and Chile are taking steps to make sure young companies can take root.
According to a new study that compares startup activity and attitudes in 44 countries across the globe, Colombia emerged as a strong leader in entrepreneurship and investment opportunity.
Luis Carlos Villegas, Colombia's ambassador to the U.S., passed through Philadelphia recently and granted an audience.