Economics

Colombia's Unconquered, Empty Half Can Be Developed, Santos Says

  • Remote regions can grow at 8-9% if conflict ends, Santos says
  • No discussion with Kerry about rebel commander jailed in U.S.

Colombia Can Afford the Costs of Peace

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Remote, sparsely-populated regions of Colombia will see “spectacular growth” when they become open for development following a peace deal with Marxist rebels, Colombian President Juan Manuel Santos said.

“Half of our country is unconquered, unoccupied; there’s nothing there,” Santos said Friday in an interview with Bloomberg TV. “These are productive lands. There’s a lot of interest from private companies and we are establishing private-public initiatives to develop this half of the country.”