IngentaConnect Colombia: Economy, Politics and Government

Abstract:

President Pastrana presides over a country in chaos. His US$7.5 billion 'Plan Colombia', launched in 1999, aimed to end the 40-year civil war by reducing drug production and trafficking, boosting the depressed economy and improving the judicial system. However, much of the money is being used to support a military campaign that is escalating the conflict and hindering the country's development. Meanwhile, weak prices for Colombia's main exports - oil and coffee - and rising unemployment combined to dampen growth prospects in 2001.

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