Flood of Venezuela migrants costing Colombia 0.5% of GDP: president

Venezuela's migrant crisis is costing neighboring Colombia about 0.5 percent of GDP -- or around $1.3 billion -- its President Ivan Duque said Friday after talks with a top World Bank official. Duque said Colombia would continue its "open arms" policy towards migrants from its crisis-worn neighbor but the economic and social costs on his country had to be evaluated. "The economic impact that the migration crisis may have can be of the order of 0.5 percent of GDP and obviously we want ot look at how that is reflected in health, in education, in infrastructure, in many public assets," the president said. More…