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Peace would boost Colombia's economy: Minister

Tuesday, May 6, 2014

Striking a peace deal with a guerrilla movement to combat illegal drug trafficking would boost the Colombia's economic growth, finance minister Mauricio Cárdenas said.

Colombia's gross domestic product could see a 1 to 2 percent boost if the government achieves a peace agreement with the Revolutionary Armed Forces of Colombia, FARC.

"Colombia with a peace process…will grow not just at 5 percent, which is the current growth rate, it could grow 1 to 2 percentage points more," Santamaria said.

Source: CNBC