Un país listo para despegar
Director de Portafolio13.11.2025 17:51 Actualizado: 13.11.2025 17:53

TL;DR
- Colombia has favorable conditions for growth in 2026, including controlled inflation, a stable dollar, strong tourism, and export growth in software and agriculture.
- The central bank (Banco de la República) is considering raising interest rates again if inflation continues to rise, indicating significant underlying issues.
- Internal factors, such as government-driven minimum wage increases exceeding productivity and inflation, are contributing to rising prices.
- The natural gas sector faces challenges with double-digit annual tariff increases, stemming from underinvestment in reserves and exploration, leading to high costs and future risks.
- The electricity sector is affected by water stress and delays in renewable energy projects, which are stalled by bureaucratic procedures, community consultations, and confusing regulatory signals.
- Private investment remains weak, with capital formation below pre-pandemic levels and growth insufficient for significant economic expansion.
- Opportunities exist for Colombia to double renewable capacity, attract nearshoring, boost tourism, and develop its mining and energy sectors, but these are threatened by current government policies.
- The article concludes that economic growth is possible if political interference and policy errors in areas like wages, gas, and the energy sector are resolved.