MAPPINGS

Colombia is a diversified economy with good growth prospects. It has a strong enabling environment for starting and growing a business along with an entrepreneurial culture. However, stark inequality may be one of the biggest impediments to its future security and stability as it enters into a new era of peace. Inclusive development for rural and vulnerable populations will be crucial to enabling peace and security. This type of development can be fostered through entrepreneurship and enterprise growth that reaches marginalised communities. In contrast to other countries in Latin America, access to finance is not perceived as the biggest barrier to growth. Nor is corruption. The practices of the informal sector are considered the biggest inhibitor. Greater formalization and development of the informal sector thus should be a priority for ecosystem interventions.