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In April, Colombia, Brazil, Argentina, and others suspended their membership in an organization facing leadership issues and no consensus regarding relations with Venezuela.

The agreement intends to give Colombian companies the same access conditions as local firms to the markets of Brazil, Argentina, Uruguay, and Paraguay.

Russia, the United States, and Brazil — three countries with much larger populations — are the only nations that have bought more tickets than Colombia.

The investment builds upon a pre-existing partnership with IDB and will target infrastructure financing.

Zurich expects the transaction to be finalized “by the end of 2018” and funded by internal sources.

Travelers can already book reservations on the new route, which will offer 150 seats daily on an A320 aircraft.

Citibank operations in Colombian include 500,000 customers, 47 branches, and 424 self-service access points in Colombia.

The prediction is slightly below the 3.0% and 2.9% forecasts from the World Bank and IMF, respectively.

Cali, the third largest city in Colombia, ranked ninth among the continent’s on-the-rise destinations.

The IMF projection is in line with the 2.9% prediction issued last week by the World Bank.