Month

Nautica, owned by the VF Corporation, already has two stores in Bogotá, one in Medellín, and one in Cali.

Last July, the IMF forecasted Colombia's GDP to grow by 3.0% in 2017. In October, that figure fell to 2.7% then, in April, it was cut again to 2.3%. Now it sits at 2.0%.

Repairs have not been completed due to “continued harassment by firing helicopters” and “anti-personnel mines,” said Ecopetrol.

While the rest of Latin America is going one way, Colombia is still lagging behind. Only Ecuador, with a 6.1% drop in the first quarter, performed worse.

Best known in Colombia for its Jumbo brand of hypermarkets, the company's large regional presence highlights its financial stability.

Though a new ambassador has yet to be appointed, the position will be overseen by Rachel Brazier until a formal replacement is made.

"For CINTEL it is important that every sector includes ICT and can reinvent themselves to be more competitive,” said Manuel Martínez Niño, executive director of CINTEL.

"More companies in Colombia right now are becoming mutlilatinas," says Carlos Ferrer of Unisys, "and we are identifying many more opportunities to provide those global solutions."

Overall, 25.7 million Colombians have now used at least one financial product. Of the nearly one million added in 2016, more than half were women.

"Latin American economies remain vulnerable to a sharp deceleration in the Chinese economy and its knock-on effects in commodity prices," said Rui J. Pereira of Fitch Ratings.