External Crises Sharpen Domestic Focus: Cardenas

External Crises Sharpen Domestic Focus: Cardenas

Colombia Economy & Policy Corporate & Sovereign Strategy Project & Infrastructure Finance

The QE stimulus unwind and debt ceiling talks in the US mean emerging economies can’t count on a favorable external environment, Colombian Finance Minister Mauricio Cardenas tells LatinFinance, particularly against a backdrop of lower commodity prices and reduced FDI potential. “I am fully convinced that we need to prioritize a more ambitious program of domestic investment to offset a weaker external environment. If we want to grow 4%-5% per year, we need to focus on the domestic side,” Cardenas

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