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This marks the first time in seven years that the industry event returns to South America.

"We chose Colombia...It's a country that provides a certain amount of technology, a dynamic environment, especially Medellin"

Today, mechanical engineer Armando Zamora Reyes (above, left) was sworn in as president of Colombia’s National Hydrocarbons Agency by Minister of Mines and Energy, María Fernanda Suárez Londoño

The paper of record highlights the “pulsating capital of Bogotá” now featuring “dozens of luxe hotel chains” and a rising gastronomical scene.

"Not everybody in Colombia has access to the modern economy, and that in itself is an important inequality that needs to be addressed," said Deaton.