Month

The Banco de la República had pushed the interest rate up by 325 basis points over the previous 11 months to curb out-of-control inflation.

Amid road blocks and bridge damage from a strike in Putumayo, Ecopetrol says up to 40,000 barrels per day of its production is now at risk.

Immunotrex Biologics is partnering with research firm Interventional Concepts on an anti-sepsis compound clinical trial that it intends to hold in Colombia.

The 2.0% figure is below the projections of most analysts in what is shaping up to be an even worse year than expected for Colombia's economy.

If violations are proven, the Superintendency could levy fines as high as $23.7 million USD against each of the involved companies.

Among large Latin American nations — those with more than 20 million people — only Peru outperformed Colombia.

"If you can find a way to streamline the whole process while providing the same level of security, that’s a win/win," says Eric Crabtree of Unisys.

Ecopetrol CEO Juan Carlos Echeverry has called for an "extraordinary" shareholder meeting next month to fill open seats on the oil company's board of directors.

"Our farmers produce some of the best coffee in the world, but the conflict has meant many have had to leave their farms," says Robert Velez of Colombia's coffee federation.

Brazilian firms took the brunt of the punishment, with 56 domestic corporates getting hit with downgrades last year.