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Banco de la República left rates at 13.25% — no surprise! — and lowered their 1.0% GDP estimate for 2023 to 0.9%.

Colombia has maintained its BB+ credit rating despite high inflation numbers and the loss of Petro’s supermajority.

President Petro's son, Nicolas Petro, has been arrested. The key here is that the president called for the investigation and has stepped away.

In this weekly news roundup, we saw a drop in retail confidence data but an uptick in industrial confidence — another mixed bag.

While Colombia was not included in the IMF's mid-year reassessment, the organization in April projected the nation's economy to grow by 1.0% in 2023 and 1.9% in 2024.

Congress is back (collective groan), and the word "reform" is set to dominate the agenda between now and the arrival of Father Christmas.

Fedesarrollo's consumer confidence data for June offers some encouraging numbers — but there is still a long way to go.

The political scandal that saw President Petro's coalition implode and the de facto suspension of the reform process was little more than a tremor on the Colombian Richter scale. Now the earth is properly moving.

Fitch says commodity prices will be the main transmission channel of China’s rebound for Latin American economies.

"Institutions with a control and oversight role will be challenged by issues arising from Chinese infrastructure companies," according to the Colombia Risk Analysis report.