Finance Colombia » Economy

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Fitch: LatAm Sovereigns Vulnerable To Next Downturn

Growth in public debt burdens and fiscal deficits in many Latin American countries over the past decade will undermine the ability of governments to respond to shocks and a sharper than expected global slowdown in 2020, says Fitch Ratings. Weakening fiscal dynamics have been a...

Posted On January 14, 2020

, By Loren Moss

Bogotá, 27/12/2019 Foto: archivo, Nicolás Galeano - Presidencia

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Colombia’s President Signs Fiscal Stimulus Package Into Law

Colombia’s President Ivan Duque yesterday signed the Law 2010 of December 27, 2019 called the “Ley de Crecimiento Económico” or “Economic Growth Law” after it was approved by Colombia’s congress. The administration hopes the law will spur foreign direct investment and grow the...

Posted On December 28, 2019

, By Loren Moss

President Duque announces new measures in the low-income Cartagena neighborhood of El Pozón during a Christmas gift handout event. Photo credit: Juan Pablo Bello – Presidencia de la República

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Colombia’s New Minimum Wage For 2020 Rises 6% To $877,803 Pesos Per Month

Colombia’s government has raised the minimum wage for 2020 by 6% to $980,657 Colombian Pesos ($298.92 USD) per month, including the transportation subsidy mandatory for employees making less than twice the official minimum wage. The minimum monthly salary will be set at $877,803...

Posted On December 28, 2019

, By Loren Moss

Carlos Ruiz is the new vice-minister for housing in Minvivienda

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Economist Carlos Alberto Ruiz Appointed Colombia’s Vice Minister of Housing

Minvivienda, Colombia’s ministry of housing has announced that 28 year old macroeconomics profesor Carlos Alberto Ruiz Martinez has been named the vice-minister in charge of housing for Colombia. Ruiz is an economist at Universidad Nacional (National University) and holds a...

Posted On December 23, 2019

, By Loren Moss

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Colombia’s Pension Reform Hampered By Political Tension

According to a new report by Colombia Risk Analysis, the debate underway over pension reform in Colombia is plagued with misinformation and confusion resulting from the current divisive political climate in the country, and conflicting objectives by various political actors....

Posted On December 22, 2019

, By Loren Moss

A soldier mans his security post in Cúcuta. (Credit: National Police of Colombia)

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Opinion: Latin Spring = Danger for Investors

Massive protests have erupted in Chile, Ecuador, and Bolivia. The potential for more in other Latin American countries has some folks calling it the Latin Spring. The causes of the outbreaks vary, but there’s a common thread and it spells danger for investors—and everyone.

Posted On November 4, 2019

, By Lobo Tiggre

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Colombia’s Constitutional Court Invalidation Of Tax Reform Package Unlikely To Have Significant Macroeconomic Impact

Colombia’s Constitutional Court invalidated several articles of the President Ivan Duque’s “Ley de Financiamiento” fiscal reform law that was approved at the end of 2018 declaring them unenforceable. This means that the government has until January 1 2020 to return to...

Posted On November 4, 2019

, By Loren Moss

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Structural Features Increase Risk in Latin American Securitizations, According to Fitch

Latin American securitization structures featuring pro-rata amortization and/or maturity risk may amplify uncertainty in cash flow allocation, resulting in greater dependence on credit protection and structural mechanics, says Fitch Ratings. Ratings for these structures are more...

Posted On October 31, 2019

, By Loren Moss

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Fitch: 1 in 4 Latam Corporates Exposed To 1 or 2 Notch Rating Downgrade

One in four Fitch-rated corporates in Latin America is exposed to either a one-notch sovereign or country ceiling downgrade, while ratings for nearly one-third of issuers are vulnerable to a two-notch downgrade, according to Fitch Ratings. There are a meaningful number of...

Posted On October 15, 2019

, By Loren Moss

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Colombia’s Foreign Direct Investment Up 11.4% Over 2018

Foreign Direct Investment (FDI) in sectors other than those of mines and energy, between January and August, registered an increase of 11.4%, according to Colombia’s Banco de la República (Bank of the Republic), going from $1.4 billion USD the same period last year to $1.564...

Posted On September 30, 2019

, By Loren Moss