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Colombia's President Ivan Duque Deploys 7,000 Soldiers to Cali as Month-Long Protests Continue
Posted
May 29, 2021
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4,707
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May 29, 2021
4,707
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1:24Now PlayingThe President of Colombia deployed the army to the city of Cali on Friday, where dozens of people have been killed in month-long anti-government protests.
The month of unrest across Colombia is threatening to derail the fragile economic recovery as supply chains are hit by blockades of ports, highways, mines and refineries.
The nation’s biggest Pacific port and one of its two main coal mines have been paralyzed by protests, its biggest oil refinery can’t function normally, and roadblocks have cut off some of the richest farmland, causing food prices to soar.
The annual inflation rate is on course for its biggest jump since 1998 this month, according to analysts surveyed by Bloomberg, as the blockades cause shortages. The unrest is costing the economy about 480 billion pesos ($129 million) per day, Finance Minister Jose Manuel Restrepo said, with the government estimating the cumulative damage over the last month at $2.8 billion.
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