Tag

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

The group says that 2018 will be “a year that will likely prove decisive for the region."

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.

“With the stock markets booming and GDP predicted to grow in most major markets around the world, it’s no surprise CEOs are so bullish,” said Bob Moritz of PwC.

The selected startups will get the opportunity to attend the World Economic Forum on Latin America in March in São Paulo.

Organizer Inexmoda expects the 2018 event to draw more than 15,000 buyers and at least 550 exhibitors.

Looking further ahead, the World Bank has forecast Colombian GDP to increase by 3.4% in both 2019 and 2020.

The ICO estimates production in Colombia to decrease by 4.3%, to 14 million bags, this crop year.

Eduardo Almeida says that, in Rionegro, "we are expanding based on the contracts we have closed recently with some customers."