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Category

//Economy
Photo: Juan Cano - Presidency
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Government Sets 2023 Minimum Wage For Colombia

Petro confirmed a salary increase of16% and an increase in the transport subsidy of 20%.
Posted On December 16, 2022
, By Loren Moss
Photo © Loren Moss
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University of Pennsylvania Offering Free Online Course: Economic History of Latin America

It is an interdisciplinary course that encompasses the most recent contributions in economics, economic history, political science, archeology, and other fields.
Posted On December 16, 2022
, By Loren Moss
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What Jumps Out – The Week That Was: December 9

Looking back on the week several data points were published; none of which were particularly positive.
Posted On December 9, 2022
, By Rupert Stebbings
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What Jumps Out: The Week That Was

What we did see from the latest Fedesarrollo survey was the expectation that interest rates will rise to 12% by year end.
Posted On November 25, 2022
, By Rupert Stebbings
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What Jumps Out: The Week Ahead

Ironically despite the stubborn inflation, the Central Bank at this Friday's meeting will not be increasing rates.
Posted On November 21, 2022
, By Rupert Stebbings
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What Jumps Out: The Week Ahead, 8 November 2022

While the president is away at the COP27 summit, inflation hit a 23 year high, which will no doubt affect the coming minimum wage increase.
Posted On November 8, 2022
, By Rupert Stebbings
Port of Cartagena (photo © Loren Moss)
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Benefitting From A Weak Peso, Colombia’s September Statistics Show A Booming Export Sector

Almost 40% of Colombia’s exports of non-mining goods were destined for Latin America and The Caribbean in September
Posted On November 8, 2022
, By Sonia Romero
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What Jumps Out: An Eclectic Week

Export data for September disappointed once again, but unemployment data is trending favorably - and tax reform passed!
Posted On November 4, 2022
, By Rupert Stebbings
Taxation chief Luís Carlos Reyes (left) & Finance Minister José Ocampo
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Colombia’s Tax Reform Passes, Peso Plunges Past 5,000 Per US Dollar, Church Tax Defeated

The bill imposes new income taxes on Colombians earning more than $2,000 per month, plus petroleum & mining exports.
Posted On November 4, 2022
, By Loren Moss
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What Jumps Out: Busy Week Ahead

Last week ended with the Central Bank increasing rates from 10-11%, fully as expected but FinMin Ocampo was part of a unanimous vote of 7-0 despite public comments suggesting rate increases wouldn’t slow supply side inflation. His reply was that he wanted to help the...
Posted On October 31, 2022
, By Rupert Stebbings
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