Political Risk Latin America Blog @PolRiskLatam

Colombia: Analyzing Investment Risk

Posted in News and Articles, Political Risk by politicalrisklatam on March 18, 2011

by Michael Montgomery for Gold Investment News, March 17th, 2011.

Investing in mining companies with projects in Colombia may seem a risky proposal to an outsider. The long history of the country is marred with violence, narcotics trafficking by the notorious Pablo Escobar and the operations of the Revolutionary Armed Forces of Colombia (FARC).

However, efforts by the former Alvaro Uribe and the current Juan Manuel Santos administrations have curtailed the size, scope and impact of such nefarious elements in the country. A pro-business mentality on behalf of the government has brought in a new wave of foreign investment into the country.

Colombia is a resource-based economy, and while unemployment and poverty is high compared with some in the region, the influx of foreign investment may raise the standard of living in the country. Gold production has risen substantially from 15,400 kilograms to 47,800 kilograms according to the United States Geological Survey. Colombia’s main resources are coaloil, gold, and nickel. (continue reading… )

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