1. Colombia’s Economy with Venezuelan Refugee Influx
Ida Quigley
NS 4540
2/27/2019

2. History Gran Colombia 1819-1831
Venezuela was joined with Colombia and 4 other states under Bolivar.
FARC and ELN in Colombia: 1964 to present
Instability in the region of Colombia
Displaced over 7,000,000 Colombian people
Colombian migrations to Venezuela to escape the horrors
FARC agreement in 2016
Former President Santos said in that the refugees are Colombians returning home, Venezuelan and Colombian-Venezuelan families.

3. Venezuelan Refugees Over 48,000 refugees in 2015 migrated to Colombia.
1 million people migrated to Colombia by the end of 2018
Now estimated over 1.2 million
More migrants have gone into Colombia than any other country
Colombia has welcomed the refugees.

4. Venezuelan Refugees (cont.)
2 year temporary residence granted by former President Santos
440,000 visas: study, work, and medical
Tent Cities
Access to Public Health System for all
$300 million dollars for peace keeping money has been talked about to be used for refugee help by President Duque
Early on, many Colombian people helping but now, with growing Venezuelans suspected of crimes then the help has not been as forthcoming.
0.5% of Colombian GDP is going to the refugees

5. Colombia Economy 2015- Present
With U.S. support, in past 20 years economy of Colombia Turnaround
Decreased homicide by 2/3
Decreased extreme poverty by ½ ($1.90/day 2015 World Bank Definition)
peace agreement with the Revolutionary Armed Forces of Colombia (FARC) in 2016.
GDP growth averaged 4.7% past decade
2017 economic decrease
Decrease world market prices for oil and lower domestic oil production
insurgent attacks on pipeline infrastructure.
Dropped to 1.8% in 2017.
2018 economic increase
Influx of private consumption
Decreased inflation

6. Colombia Economy 2015- Present (cont.)
Economy based on mining, energy and construction (growth)
Fragile current export trade deals with the US
Still dependent upon coffee (3rd in coffee) and need more diversification and competition
Colombian economists still predict 3.5% growth in 2019
Venezuelan refugees could increase to 4 million by 2021 costing the Colombian government $9 billion/ yr

7. Live Aid Venezuela (2/22/2019) led by Branson and Guaido.
Temporary housing
Venezuelan money used for art
Live Aid Venezuela (2/22/2019) led by Branson and Guaido.
Maduro’s Anti-Venezuela
Aid Live across the border in Venezuela 919ft away

8. Questions?