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Today, in a popular referendum, Colombians voted to reject a peace accord that was set to end 52 years of war with the FARC.

“Colombia’s economy is built on many of the same sectors and industries that we excel in here in Dubai,” says Hamad Buamim of Dubai Chamber.

FARC's removal from the terrorist group list "will open the door for Colombia to receive $600 million USD in EU aid for post-conflict refunding."

"Demining is an essential part of rebuilding in the wake of what has been this longest-running war," said John Kerry.

"The record number of sovereign downgrades in 2016 overwhelmingly reflects weaknesses in emerging markets," says Tony Stringer of Fitch Ratings.

A drop in inflation was expected — but "its magnitude was much greater than we anticipated," said Bancolombia. A sharp decline in food prices fueled the major rebound.

The Banco de la República had pushed the interest rate up by 325 basis points over the previous 11 months to curb out-of-control inflation.

The 2.0% figure is below the projections of most analysts in what is shaping up to be an even worse year than expected for Colombia's economy.

Brazilian firms took the brunt of the punishment, with 56 domestic corporates getting hit with downgrades last year.

"Most of the economic benefits of peace in terms of increased investment and tourism have already been felt," said Adam Collins of Capital Economics.