Weekly Report - 28 January 2016 (WR-16-04)

All the focus in Colombia this week has been on the United Nations Security Council’s swift acceptance of a request by President Juan Manuel Santos to send a mission to verify a bilateral ceasefire and the demobilisation of the Fuerzas Armadas Revolucionarias de Colombia (Farc) [WR-15-03]. There was another historic development in the very same week, however, which was significantly less encouraging. The Colombian peso reached its lowest value ever against the US dollar, prompting the finance minister, Mauricio Cárdenas, to express concerns about the current account deficit.

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