Fareed speaks with Colombian President Juan Manuel Santos about the state of his country’s economy. Watch the full interview this Sunday at 1 p.m. ET on CNN.
I was in Colombia last year and I was struck by how these war-ravaged and drug-ravaged cities, at least the ones that I had heard of as such, were booming. I mean, your economy is now leading the pack in Latin America?
Well, we are, yes, the country that is growing the fastest. This first half of this year we were the third in the world, the first of Latin America, but the third in the world after China…
The third fastest growing economy in the world?
Yes, after China and Indonesia. But not only that – growth by itself doesn't mean anything. We grow to give the people a better life. And we have been able to reduce poverty by almost 10 percentage points, which is unprecedented. And extreme poverty by almost six. And we have been able to create employment, formal employment, much more than any other country in Latin America. And that has allowed us to be a little less unequal.
But we have a long way to go still. But the economy, thank God, is in good shape.