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Worst is over for Colombia, says minister

Wednesday, March 8, 2017

Colombian Finance Minister Mauricio Cárdenas said that “the worst has already passed” for nation’s economy.

Speaking to La República, a leading business publication in Bogotá, he said that 2016 was in many ways worse than the prior year due to the tense political climate surrounding Colombia’s peace process and tax reform, along with other extenuating circumstances that didn’t rear their head during 2015, when the downturn began in earnest following a major fall in global oil prices.

“I don’t have the slightest doubt that the worst has already passed and that perhaps the most serious damage occurred in 2016,” Cárdenas told La República.

Source: Finance Colombia