RSS   Newsletter   Contact   Advertise with us

Telefonica Foundation chief: Foreign investment in Colombia will be spectacular

Staff Writer | September 9, 2016
The executive president of the Telefonica Foundation, Cesar Alierta, said in Bogota that the growth in foreign investment in Colombia “is going to be spectacular” once the peace accord with the FARC guerrillas is finalized.
Cesar Alierta
Peace and business   A tremendous carryover effect
“As a consequence of the peace process, foreign investment is going to be spectacular. It’s going to have a tremendous carryover effect on medium and small businesses,” said Alierta while participating on the “Economy in the Post-conflict” panel, at the “Benefits of Peace in Colombia” forum organized by the Good Government Foundation and the Prisa Group.

Also participating in the panel were the heads of BBVA Colombia, Oscar Cabrera; Telefonica in Colombia, Alfonso Gomez Palacio; and the Decameron hotel chain, Fabio Villegas; along with Latinoamerica Suez sales director, Bruno Bastos.

Referring to small and medium businesses in Colombia, Alierta said that peace will have a “very clear effect” on the country’s economy.

On August 24, the Colombian government and the Revolutionary Armed Forces of Colombia, or FARC, in Havana initialed a peace pact after almost four years of negotiations, and the document will be formally signed on September 26 at a solemn ceremony in Cartagena, and will then be submitted to a popular referendum on October 2.

Alierta remarked that among its other benefits, peace will bring a “significant” increase in per capita income and “much greater earnings,” which will mean an improvement in healthcare and education because the state will have more resources.