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Andean Group - October 2015 (ISSN 1741-4466)

ECONOMY: A refined balance

Two years behind schedule and US$4bn over budget, the Cartagena Refinery (Reficar) began its first phase of operations in mid-October. An inquest into how Colombia’s largest ever project was so badly mismanaged is likely to follow. However, the refinery’s completion will give a much needed boost to flagging GDP growth and provide a powerful stimulus for Colombian industry.

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