COLOMBIAN ECONOMY IS A NEW BEAUTIFUL CHILD IN LATIN AMERICA
Colombia has become one of the Latin American countries with more opportunities to grow and attract foreign investment from Europe, Asia and the United States. The growth for last year was 4.8% as Colombian's president Juan Manuel Santos confirmed recently.
Many things have happened in the last 10 years. Investment boom, more employment, less inflation rates and a general climate of stability have contributed to make the difference in Colombia in comparison to Latin American countries.
Different companies are coming to Colombia to develop new business or to consolidate their markets to Latin America from Colombia. Just a couple of weeks ago Mark Zuckerberg, the owner to Facebook went to Bogotá to hold a meeting and to talk to people about his plans to do business in this country.
Many newspapers highlighted his short staying in Bogotá as the best evidence that the country is making successful effort to attract investment and business as the door to entrance in Latin America.
The major growth of Colombian economy has provided many benefits to people overseas. The Colombian peso has depreciated from the last quarter of 2014 until March and the government is expecting that the trend remains this year as a consequence of falling oil prices in the international markets and also, and more important, because many people want to invest in Colombia.
“We have seen in our business that people are taking advantage of the good conditions to send money to Colombia. Now is a good moment because the Colombian economy is offering opportunities to do it and more importantly making investments buying properties, paying education and covering different needs.” said Oscar Mora CEO of MoneyTO.
He highlighted that last week the number of money transfer increased more than 200% because MoneyTO did not charge fees as a part of the campaign of world money transfer day.
“That means the industry needs to create better conditions to reduce costs to customers and to generate a sane climate of competition”, said Oscar Mora.
Press contact:
Claudia Gaona Claudia.gaona@moneyto.co.uk www.moneyto.co.uk T: 02077032136