Additionally, the government upwardly revised its full-year 2013 growth to 4.7% from 4.3%. Finance Minister Mauricio Cardenas is “cautiously” maintaining a growth forecast of 4.7% for this year.

“The country is doing well economically. We’ve managed a recovery in the sectors that were lagging – agriculture and industry,” Cardenas said.

In related Colombia news, the Colombian fútbol team won two to one against the Ivory Coast, or Côte d’Ivoire, at the World Cup, providing Colombian investors with something more to be happy about.

Global X FTSE Colombia 20 ETF

For more information on Colombia, visit our Colombia category.

 

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