ColombiaOne.comColombia newsColombia's President Petro Will Attend Davos Economic Forum

Colombia’s President Petro Will Attend Davos Economic Forum


Colombian Petro Davos Economic Forum
President Petro’s decision to participate in the Davos Economic Forum reflects Colombia’s active role in the global economic landscape – Credit: Credit: Colombian Presidency / CC BY-SA 4.0 /

Colombian President Gustavo Petro, after initially deciding not to attend the World Economic Forum in Davos, Switzerland, has reversed his decision. This change, announced on Monday, comes following earlier statements from the Presidency about Petro’s inability to participate in the majority of the forum’s events due to time constraints. This development underscores the fluid nature of international diplomacy and Colombia’s engagement in global economic discussions.

Controversy Over Expensive Accommodation in Davos

The decision to attend the forum is set against the backdrop of controversy surrounding the Colombian government’s expenditure of over 4.5 billion pesos for renting a house in Davos. President Petro clarified that this house is intended not for accommodation but to promote the “Colombia, the country of beauty” campaign. During a press conference in Guatemala, where he attended the inauguration of President Bernardo Arévalo, Petro emphasized the role of this investment in attracting tourism and investment to Colombia.

Addressing criticism from various quarters, including Senator María Fernanda Cabal, President Petro explained that the rented house in Davos represents a strategic investment for promoting Colombia globally. He likened this to Colombia’s promotional efforts in the United States and Dubai. Additionally, Petro announced plans to meet with Pope Francis after the Davos forum to discuss peace-related issues in Colombia and globally. This series of events highlights Colombia’s proactive approach to participating in global economic discussions and promoting national interests on an international stage.

Colombia’s Role in Global Economic Discussions

President Petro’s decision to participate in the Davos Economic Forum reflects Colombia’s active role in the global economic landscape. This participation is a strategic move, showcasing Colombia’s economic potential and readiness to engage with global leaders on critical issues. The presence at this high-profile event could open new avenues for international cooperation and investment, benefiting Colombia’s economy.

Colombia’s involvement in the Davos Economic Forum is a strategic step towards enhancing its position in global economic matters. President Petro’s presence provides an opportunity to address global economic challenges, showcase Colombia’s growth potential, and foster relationships with world leaders and investors. This participation could be pivotal for attracting foreign investment and boosting Colombia’s economic prospects.

See all the latest news from Colombia and the world at Contact our newsroom to report an update or send your story, photos and videos. Follow Colombia One on Google News, Facebook, Instagram, and subscribe here to our newsletter.