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Improving credit conditions and economic growth have led to a stable outlook in 2018 for Latin American and the Caribbean.

The ICO estimates production in Colombia to decrease by 4.3%, to 14 million bags, this crop year.

The abduction reportedly occurred around 7:30 am on the day that the UN head arrived in Colombia to discuss the nation’s peace process.

The paper of record highlights the “pulsating capital of Bogotá” now featuring “dozens of luxe hotel chains” and a rising gastronomical scene.

“It is no longer necessary to travel to a physical branch of Bancolombia to send or receive an international transfer,” said the firm.

President Santos recalled the nation's peace negotiator from Ecuador and told the military to "act with force and respond to this ELN aggression."

Despite ongoing improvement, Colombian passport holders continue to have less access than most other Latin American nations.

Colombia has joined the World Economic Forum alliance to protect the Amazon from deforestation.

Food costs, which spiked by 7.22% in 2016, saw the lowest increase this year among major economic cateogories with just a small rise of 1.92% in 2017.

Though the 57 billion pesos allotted for 2018 are substantially below the 161 billion pesos invested last year, Colombia's commerce ministry stressed that the investment is critical.