Month

President Gustavo Petro’s “Total Peace” policy had a difficult 2023. Not only did it fail to persuade the country’s most important armed groups to lay down their arms, but it also led to a reshaping of Colombia‘s criminal landscape.

Fitch: "Medium-term uncertainties include Avianca's ability to maintain its strong operating margins while resuming its business growth post Chapter 11 process in U.S."

Sustainable Fitch: "We attribute the divergence to the region's pressing social needs due to high poverty and inequality rates."

Avianca was widely condemned online after on of its representatives was filmed telling a passenger, “if you were my dad or someone important to me, I could help you.”

The move was so far overdue — and was so small — that it has been forgotten already. It is of course a welcome message, but isn't big enough to shock the economy into life.

"We are looking for diplomatic channels to restore their rights, we are looking for their families," said Adriana Velázquez of ICBF.

So far, the Chilean airline has cleared three of the five required certification phases and submitted the necessary documentation to operate domestically from several airports.

The agreement strengthens the alliance between the two entities for a more fluid exchange of information and the development of joint work plans

Fitch: "Slowing inflation in Brazil, Colombia and Mexico will lead to mortgage rates falling slightly over the next two years as monetary policy eases, although overall home price growth will constrain affordability."

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