Colombia: Getting Peace, Getting GrowthColombia: Getting Peace, Getting Growth Mar. 10, 2017 9:39 AM ET
Otaviano Canuto Executive Director, Vice President
Otaviano Canuto, Executive Director, World Bank Summary Notwithstanding protracted domestic conflicts Colombia has recently succeeded in reducing poverty and building the foundations for sustainable growth and prosperity.
The Santos administration has delivered on two of its main promises: sign a peace agreement with the FARC guerrilla and get approved a significant structural tax reform.
Both are expected to become strong pillars to help keep the growth-come-poverty-reduction momentum of the last decades.
By Otaviano Canuto and Diana Quintero Colombia is a country of incredible contrast: known to be one of the places on earth where people feel happiest, it is also one of the most unequal and for many decades, a country immersed in a protracted conflict. Despite the latter - and here is the starkest contrast - Colombia has recently succeeded in reducing poverty and building the foundations for sustainable growth and prosperity.
The Santos Administration has delivered on two of its main promises: sign a peace agreement with the FARC guerrilla and get approved a significant structural tax reform. We approach here why both are expected to become strong pillars to help keep the growth-come-poverty-reduction momentum of the last decades.
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