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Economy

UK businesses to invest millions in Colombia: Santos

by Miriam Wells November 21, 2011
918

santos

British businesses are planning Colombian investments worth $3.4 million in the coming years, President Juan Manuel Santos has revealed.

During a visit to London, the Colombian leader said the healthy state of the country’s economy had made it an attractive prospect for foreign investors.

Earlier this year, credit rating agencies Standard & Poor and Moody’s both raised Colombia’s debt rating to investment grade, citing a favorable growth outlook and increased security.

President Santos says Colombia is being rewarded for “good behavior”, such as market-oriented economic policies.

Following a seminar with British business leaders, a statement on the presidential website said, “They have told me they will invest $3.4 million in the coming years. While I welcome this investment as good for Colombia, it is a situation from which everyone will gain.”

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Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion