The appointment of a US academic to head the world Bank instead of Nigeria's Ngozi Okonjo-Iweala shows how out of touch the institution is.
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Latest articles from Colombia
Colombia leaves its past behind
February 22, 2011Once renowned as one of the most dangerous countries on the planet, Colombia has tackled much of its drug-related problems and boasts one of the best-performing economies in Latin America, which is attracting international investment and in turn creating myriad opportunities for the country's banks.
Colombia primed for growth
February 16, 2011Colombia's finance minister, Juan Carlos Echeverry, has every reason to be enthusiastic about his country's future but he is careful not to be complacent, knowing only too well that an economic boom can lead to bust.
Colombia sheds poor image to emerge as up and coming IT hub
January 31, 2011The negative perceptions of Colombia that have dogged the country over the past few decades are finally being shed, causing global companies to take note of its role as an up-and-coming IT hub for Latin America.
José Darío Uribe on Colombia's financial transformation
December 23, 2010Other countries may be dogged by recession, but José Darío Uribe, governor of the Central Bank of Colombia, says the country's financial sector is undergoing a transformation.
Banks are competing to fund infrastructure investment
May 5, 2010Hindered by years of armed conflict and governmental infighting, Colombia has launched a long-awaited infrastructure development programme, set to pump $24bn into its ailing transport network and, in turn, stimulate healthy competition among its banks as they bid to provide funding. Writer John Rumsey
Bond boom fires up Latin America
March 3, 2010With bank lending drying up last year, many Latin American corporates turned to the bond market to strengthen their cash positions. The resulting boom has instilled a sense of confidence in the region, with firms in Brazil, Mexico and Colombia leading the way. Writer Jason Mitchell
On the brink
September 2, 2009While the Western world has been struggling through the global financial crisis, Latin America has shown a remarkable resilience to the upheaval. Two countries in particular - Colombia and Peru - are showing particularly impressive growth, and look set to become important emerging economies. Writer Jason Mitchell
Óscar Iván Zuluaga
October 6, 2008Óscar Iván Zuluaga has overseen the end of an economic boom and the onset of a period of uncertainty since becoming Colombia’s finance minister in February 2007. The Banker interviewed him at the Finance Ministry in Bogota. Writer Jane Monahan.
Optimism soars in the Andes
October 6, 2008Stable government is creating an atmosphere of confidence in Colombia. Now it needs its free trade agreement with the US ratified. Writer Jane Monahan.