Regulatory Environment, Recent Developments And Investment Opportunities
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During the past decade, project financing structures have been actively used in Colombia in connection with the construction and improvement of infrastructure facilities and the expansion of access to basic public services. In particular, private investment has been active in concessions, the privatisation and capitalisation of public entities, BOT, BOO and BOLT schemes and other financing techniques. The Colombian economy has been recognised as one of the most stable in Latin America since the 1930s, with consistent positive GDP growth and controlled two-digit inflation figures. In fact, Colombia was, along with Chile, one of the first two countries in Latin America receiving investment grade ratings for its foreign debt. Notwithstanding the above, Colombia’s economic performance has sharply declined over the past four years and has prompted the Colombian government to redirect the economic policy towards correcting the fiscal deficit…. |