Colombia FDI rose 56% on year in May: Govt

Foreign direct investment (FDI) in Colombia was up 56% in May compared to the same month last year, President Juan Manuel Santos said Friday.

Santos, speaking at a banking convention in Cartagena, said the increase in FDI proves Colombia has become a country safe for foreign investors and lenders.

The President emphasized the importance of recent upgrades the country received from investment grading companies like Standard & Poor’s, Moody’s and Fitch.

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