La economía va bien, pero el país va mal – The economy is doing well, but the country is doing badly
In 1987, when Fabio Echeverry Correa, then president of Colombia’s largest business association, used these words, he was describing a country where macroeconomic stability coexisted with the expansion of drug trafficking, a corrupt and clientelist political system, and an ongoing armed conflict. Nearly four decades later, this phrase still captures one of the most enduring paradoxes of Colombian development.
During the 2000s, Colombia became one of Latin America’s economic success stories. Growth accelerated, foreign direct investment multiplied, and international financial institutions praised the country’s macroeconomic stability. Colombia was even included among the CIVETS[i], a group of emerging economies expected to become the next engines of global growth. International investors increasingly viewed the country as a safe and promising destination for capital.





