THE RISE OF THE DOLLAR IN 2025: In Colombia
Colombia, throughout its history, has demonstrated a lack of preparation for various emergencies, such as forest fires, landslides and droughts. This vulnerability has been highlighted once again by the recent internal wave of floods that is wreaking havoc in departments such as Chocó and La Guajira. The situation is critical and its consequences on the national economy could be devastating.
The immediate impact of these floods includes food shortages, as the affected agricultural areas cannot produce or transport their products. The destruction of vital infrastructure, such as bridges and roads, due to their poor maintenance, further aggravates this crisis. These combined factors are leading to a significant slowdown in the Colombian economy.
In this context, the value of the US dollar has experienced a considerable increase. Economic uncertainty and lack of confidence in the government's ability to handle these disasters have driven investors to seek refuge in more stable currencies. The devaluation of the Colombian peso against the dollar adds pressure to an already shaky economy.
The consequences of the rise of the dollar are not limited to the economic sphere. Prices of imported goods are skyrocketing, affecting the cost of living of citizens. In addition, the increase in the costs of importing inputs for the national industry could further slow down production and economic recovery.
To face these challenges, it is imperative that Colombia develops robust and sustainable strategies for emergency management. Investment in infrastructure and strengthening disaster response policies are essential to mitigate future impacts and improve the country's resilience to extreme weather events.