Ben Comston
Long only, value, long-term horizon, special situations

Colombia: Peace Deferred And The Attractiveness Of Grupo Aval

Bogota, Colombia, July, 2016 (Taken by the Author).

This past Sunday, Colombians rejected the proposed peace accord that had been negotiated between the Colombian government and the FARC, the largest of the left wing guerilla groups operating in certain rural parts of the country. The vote was a surprise to many and marked the second time internationally this year, after Brexit, that an important referendum backed by a sitting government was rejected by the voters. In this case, the margin could not have been smaller, with 50.2% of voters saying "No" compared to 49.8% voting "Yes".

The "No" campaign had been led by former president Alvaro Uribe who argued that the agreement was too lenient in its punishment for FARC

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