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Tuesday, 15 July 2014 | MYT 7:50 AM

Colombia's Santos reappoints Cardenas as finance minister

BOGOTA (Reuters) - Colombia's President Juan Manuel Santos will retain Finance Minister Mauricio Cardenas in his second four-year term in office, which begins next month, a Finance Ministry statement said on Monday.Colombia's economy has grown increasingly attractive to foreign investors with growth remaining above 4 percent since 2010 combined with low inflation. Commodities are a key part of its output, including crude oil, coal and coffee. Cardenas, who earned a doctorate in economics at the University of California, Berkeley, has been finance minister since September 2012 after a stint as Mines and Energy minister.

(Reporting by Helen Murphy; Writing by Peter Murphy)


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