04-2020 Latin American Economy & Business Report
Economy & Business Report
Fiscal austerity out the window – for now
“The tide has turned,” President Obama said. “In short, a country that was on the brink of collapse is now on the brink of peace. And just as the United States has been Colombia’s partner in a time of war...we will be your partner in waging peace,” Obama added before announcing “a new framework for the next chapter of our partnership” called ‘Peace Colombia – Paz Colombia’. “If in Colombia, we are on the brink of a peace agreement,” President Santos responded, “I can say without a doubt that Plan Colombia was crucial in helping us get there”. He added: “Peace will be the cherry on the cake of Plan Colombia and the start of a new chapter...of collaboration and friendship between our two nations”.
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