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"Colombia and Pakistan are the only two 'normal' countries in the world..."

The Colombian minimum monthly labor wage for a full-time worker is roughly $260 USD + benefits

Colombia's manufacturing sector received $1.13 billion USD in Foreign Direct Investment

In keeping with the recent macro data, consensus estimates on Colombian key economic indicators are continuing to edge higher.

There is little question that the country is going in the right direction, even the unemployment data for September was considerably better than expected.

The last few days have featured the 2021 version of the Colombian Investment Summit and there has been plenty to reflect on.

The proposal allocates 209.1 trillion pesos for government operating costs, 2.6% more than this year, while proposed debt payments would rise 1.6% to 71.6 trillion pesos.

Some of this may finally be starting to filter through to both the stock market and Peso - both have outperformed the region over recent sessions.

Amidst an environment where we see both analysts and overseas agents increasing their growth recommendations for both 2021 & 2022.

The “line in the sand” fiscal rule has now gone but due to the measures taken there is the hope that the deficit will drop from the anticipated 8.6% in 2021 to 2.7% in 2026.