How Colombia Is Welcoming Migrants - and Staying Solvent
How Colombia Is Welcoming Migrants - and Staying Solvent
Decades of macroeconomic stability are now paying dividends, but increasing growth remains a challenge.
BOGOTÁ - While denouncing and trying to prevent migration has become the new normal in international policy, Colombia has taken a different tack, keepings its doors open to thousands of new arrivals from Venezuela despite significant short-term costs. Researchers at Fedesarrollo estimate that healthcare, education and social assistance for migrants cost Colombia’s government between 0.2% and 0.4% of GDP each year. (The government itself sets the number slightly higher, at 0.5%.)
There are several reasons Colombia has been able to assume this responsibility, many of them to do with...
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