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Colombia’s Rightist Contender Duque Seeks High Investment to Bolster Growth

Ivan Duque, the frontrunner to win Colombia’s presidential election on Sunday, said tax cuts he is proposing would bolster investment in the Andean nation by a third over the next four years and help stimulate sluggish economic growth.

The right-wing 41-year-old lawyer and former senator, running almost 20 points ahead of leftist rival Gustavo Petro in polls, told Reuters in an interview late on Monday that he hopes to attract fresh investment to help lift economic growth to as much as 5 percent from 1.8 percent last year.

Petro, a former mayor of Bogota and one-time rebel from the now-defunct M19 insurgency, …read more