Proof politicians and officials on the earnings that will bring the Treaty for U.S. companies in the Andean nation is carried out a comprehensive privatization program that reaches all sectors, although in Colombia over half the population lives in poverty and lacks access to health services, education or social security.
Although gross domestic product has grown by an average 5% in the last three years, according to the National Planning Department (DNP) in the country 20,292,000 poor that it be determined that 3 out of four people in the field and 2 in four cities.
Another factor that helps to increase poverty has been the displacement forced by the military, people living in areas of armed conflict. From 1985 to first quarter of 2006 the figure rose to 3.84 million people were forced to migrate to cities without any means of subsistence.
Currently, the income of 10% of the richest people in Colombia is 49 times greater than 10% of the poorest.
However, Finance Minister Oscar Ivan Zaluaga recently noted that the sustainability of Colombia's economic growth is not threatened because it is solid and based on international investment, while the president of the Stock Exchange, announced that Juan Pablo Córdoba in 2008 the state will release the rest of his privatization plan, while private sector companies are selling for a grand total of 43.1 billion pesos (21 U.S. $ 415 million).
The state will sell the electric companies of Cundinamarca, Boyacá (EBSA), Santander, Norte de Santander and Meta. The auction, which will block had to be suspended last December by popular protests against the measure, it would increase the debt of the already impoverished citizens. These actions are concerned Codensa, Enertilima and Vergel, and Castellanos SA for a value of 1 billion pesos.
Termocandelaria It is anticipated that owners will change and that those interested can find the Chilean group Solari. In the electricity sector is also expected to sell 49% of the Power Authority of Pereira.
The multinational Glencore will invest with Ecopretrol, the expansion of the Cartagena refinery to increase crude oil processing from 75 000 to 150 000 barrels per day.
branch of trade in the privatization will proceed with Carulla Vivero compares the French Casino, while the Paris-based transnational, Danone, will take over Alpine and other companies.
The State will transfer ownership of 12.4% stake in Banco Popular, which is dominated mainly by the Organization Luis Carlos Sarmiento Angulo.
The intentions of the U.S. group General Electric will purchase blocks of shares from Bank Colpatria by 147 000 million pesos, to build a plant for the manufacture of water purification chemicals and the purchase of a company dedicated to the industrial activity. Munich Re will continue to strengthen its actions in Inversura, holding health professionals and insurance risks GEA.
Great international hotel chains will fall firmly on the tourism sector where they plan to take over the major industry of smoke in almost all cities. These appear Sonesta, Hyatt, Marriott, Hilton, NH and Fronpeca with an investment of close to four billion pesos.
As part of the agricultural settlement, the Instituto de Fomento Industrial (IFI) announced that the minority will it controls in the International Trading Promotion Banana and 9.3% in the highway concession Devinorte, Count sector consolidates the interests of transnational Cargill, Masisa (for wood) and Mapfre Seguros.
projects will be accompanied in new investments by U.S. air and European destinations expand frequencies to Bogota, Cali, Medellin and Cartagena.
The media will not be left behind in this piñata and was awarded the third private television channel for already pointed the Grupo Prisa, Spain, RTI-Telemundo, El Tiempo-Planeta, Televisa, Mexico and Cisneros Group of Venezuela.
The list is really long and not be related in one job, but the reality is that the Andean nation's government to these measures of early entry into the Free Trade Agreement with the United States which is selling the whole of Colombia.
Hedelberto López Blanch
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