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"We need everyone's commitment, understanding that this is a situation that has hit rock bottom," said Medellín Mayor Federico Gutierrez.

Duque has insisted that Otoniel's capture marks "the end of the Gulf Clan." This is false. The group still has about 1,700 active members, according to Colombian police.

Despite the drop — from 57th in 2017 to 60th this year — Colombia's overall score in the Global Competitiveness Report actually increasing by 0.1 points to 61.6.