Colombia's Economy
The 2016 Peace Deal
How Colombia signed a peace agreement with the FARC in 2016 after over 50 years of conflict, its economic provisions on land and crop substitution, and implementation challenges.
In 2016, Colombia signed a peace deal with the FARC.
Background
The conflict lasted over 50 years, killing hundreds of thousands and displacing millions.
Referendum
Voters narrowly rejected the first deal in October 2016; a revised deal was approved by Congress.
Nobel
President Juan Manuel Santos won the Nobel Peace Prize in 2016.
Economic provisions
- Rural reform and land for farmers.
- Crop substitution from coca to legal crops.
- Reintegration of ex-fighters.
Challenges
- Other armed groups moved into former FARC areas.
- Slow implementation.
Peace dividend
Tourism and investment grew in formerly dangerous areas.
The former fighter
An ex-FARC member now runs a cooperative growing coffee and running tours.
Thinking peace deals end all violence
Other groups continue.
Key takeaways
- The FARC deal was signed in 2016.
- The conflict lasted over 50 years.
- It included rural reform and crop substitution.
- Implementation has been slow.
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