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The 1990 CIA World Factbook

Central Intelligence Agency

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Book Excerpt: 
. . .E. McNAMARA; Embassy at Calle 38, No.8-61,
Bogota (mailing address is APO Miami 34038); telephone p57o (1) 285-1300 or
1688; there is a US Consulate in Barranquilla

Flag: three horizontal bands of yellow (top, double-width), blue, and red; similar to the flag of Ecuador which is longer and bears the Ecuadorian coat of arms superimposed in the center

- Economy Overview: Economic activity has slowed gradually since 1986, but growth rates remain high by Latin American standards. Conservative economic policies have encouraged investment and kept inflation and unemployment under 30% and 10%, respectively. The rapid development of oil, coal, and other nontraditional industries over the past four years has helped to offset the decline in coffee prices—Colombia's major export. The collapse of the International Coffee Agreement in the summer of 1989, a troublesome rural insurgency, and drug-related violence dampen . . . Read More