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25 Aug 2016

Colombia and FARC in historic peace deal

Colombians celebrate end of five decades of conflict

The Colombian government reached a final peace deal with Marxist FARC rebels, as the militia agreed to lay down weapons and assimilate into civilian life. It's been almost four years of peace talks mediated by the government of Cuba. After the results were announced, Colombians took to the streets to celebrate the end of the conflic which has been an obstacle for the full progress in the resource rich country. Colombians will vote on a plebiscit in October to ratify the deal.

Investors believe the impact of the deal will be reflected on the country's economic development on the long run.

Despite the failed agreement, the president of Colombia, Juan Manuel dos Santos has been awarded the Nobel Peace Prize for his efforts in ending the war against the FARC.