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Economy

Colombia needs 25 years of growth to outgrow being a third world country

by Adriaan Alsema June 25, 2008
2.9K

Only if Colombia is able to continue to grow like it did last year for a period of 25 years, by the year 2038 it will be considered a middle-income country and the country could move to the third place in the Americas when it comes to competitiveness.The Colombian government already announced 15 specific actions needed to ensure a continuation of the economic growth, that’s already showed a slight stagnation, because of the inflation and the economi insecurity in the U.S.In a Conpes document released Tuesday, the government stressed the need to simplify the tax system and, among other things, increase prosecution for tax evasion.

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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