November 14, 2016
Colombian voters’ rejection of a peace plan between the government and the Fuerzas Armadas Revolucionarias de Colombia (FARC) came as a shock to many observers outside the country. The plan offered plenty of concessions to the rebel group — but it was a deal, at least. And getting even that far had taken years of negotiations.
The global community rallied around the Colombian administration, notably with a Nobel Peace Prize for President Juan Manuel Santos.
Investors, meanwhile, analyzed the financial implications.
The so-called economic dividends of peace, stemming from the core goals of fewer homicides and less destruction of property, were set to lift Colombia in investors’ eyes.
Roads between Colombia’s major cities are notoriously difficult to traverse: narrow, winding thoroughfares that make a journey far longer than it should be. The 4G highway building program now underway hopes to change that, but it has been a long time coming. The experience, however, is perhaps an apt metaphor for the country’s path to peace.