The impact of the fall in foreign investment in Colombia - Personal Opinion
Hello friends of Project HOPE, I hope you are all doing well. Today I want to tell you about something that I consider worrying for the future of the country, of Colombia, but that if it happened in any other country, it would also have a negative impact.
The Bank of the Republic revealed that Foreign Direct Investment (FDI) in Colombia closed 2024 at US$14.234 billion, which represents a drop of US$2.559 billion compared to the previous year. For many, these numbers may not mean much, but in reality, this is a severe blow to the country's economy, and the most worrying thing is that the consequences will be felt over time, little by little, until the situation becomes unsustainable.
But why is this a problem? Easy. Less foreign investment means fewer companies coming to the country, fewer new projects, and therefore fewer jobs.
It's like a domino effect: if fewer companies invest, there are fewer jobs available, and if there are fewer jobs, there is less money circulating in the economy. This affects us all, from those with a small business who depends on consumer spending to those looking for their first job.
The point here is that when foreign investment falls, the country loses its appeal to investors, and that's not something that can be solved overnight. It has taken Colombia decades to position itself as a reliable investment destination, and backtracking on that is dangerous. People may not notice it on a day-to-day basis, but over time this translates into fewer opportunities and a more fragile economy.
It's important that the decisions made at the political and economic levels move in the right direction, because in the end, numbers aren't just cold figures in a report. They're jobs, they're opportunities, and they're the well-being of millions of people. What do you think?
