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Colombia, FARC agree to end over 50 years of war

  • Colombia's government and the Marxist rebel group the Revolutionary Armed Forces of Colombia (FARC) have reached a peace deal after 52 years of war that has killed over 220,000 people.
  • Colombian President Juan Manuel Santos has forecast that peace will add one percentage point a year to the economy, although his optimism has been disputed by many economists.
  • In return for giving up its arms, FARC members will be allowed to reintegrate into civilian life and stand for elections.
  • The agreement will be put to a referendum in October, when it is expected to pass, although the deal has aroused criticism for allowing FARC members to escape jail for any crimes they committed.
  • Relevant tickers: OTC:CCXXF, OTCPK:CERX, OTC:CFDZY, CIB, CMBPF, OTC:CRPFY, OTC:CRPFY, OTC:ECRTF, OTCPK:FCGD
  • ETFs: GXG, ICOL

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