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Commodities dip increases Colombia tension

In recent years Colombia has transformed itself from being one of the world’s most dangerous countries into an important market for foreign investors. But the drop in global commodity prices poses new challenges as holes in public finances as a result of US$3.9 billion of lost revenue from oil, gold, coal and coffee revenue could have broader repercussions.

Colombia typically produces almost one million barrels of oil per day, accounting for more than half of the country’s total exports, 80% of foreign investment inflows and 20% of government revenue.