The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Luis Hernesto Holguin, left, and his sister Resfa Holguin use outdoor escalators, newly installed at Comuna 13 shantytown as part of an urbanization plan to improve living conditions of residents, in Medellin, Colombia. The improvement in Colombia’s security situation is critical to its economic prospects.
Luis Hernesto Holguin, left, and his sister Resfa Holguin use outdoor escalators, newly installed at Comuna 13 shantytown as part of an urbanization plan to improve living conditions of residents, in Medellin, Colombia. The improvement in Colombia’s security situation is critical to its economic prospects.
(Luis Benavides/AP)

Breakingviews

Colombia rejects its neighbours’ protectionist tack

Reuters Breakingviews delivers agenda-setting financial insight. Its global correspondents react to stories as they develop, delivering sharp and provocative commentary on big financial news as it breaks. Click here to read more international insights.

Colombia is setting a good stimulus example for Latin America. The country is trying to goose its slowing economy by spurring private pension funds to invest more abroad and inducing public ones to buy foreign exchange locally. It’s a welcome contrast to protectionist measures used nearby. It should help Colombia win the currency wars.