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All three agencies said publicly many months ago that they were looking for the tax reform to right the fiscal ship which has been listing badly ever since COVID struck - to put it bluntly, the authorities have failed to deliver - and it is on them.

Colombia's gross general government debt to GDP ratio is forecast to reach 60.8% in 2021, more than double the 30% level when Fitch upgraded Colombia back to the 'BBB' category in 2011.

Monday saw the latest surveys released by Fedesarrollo - the Financial Opinion Survey (FOS) & Stock Market Confidence Indices (SMCI) - for the month of June. The overall confidence number stands at 96.97% which is up 5.1% from May - breaking that down we see other improvements.

Tuesday was a historic day in Colombia - not because the football team managed to snatch a 2-2 draw against Argentina in a World Cup qualifier, but because it represented the first time ever that local investors could buy and sell Chilean stocks in local currency.

Antioquia's new secretary of economic development has obviously done her homework, and has a lot to say on the goals she and the governor's administration has for the area. In this interview, Daniela Trejo speaks with Finance Colombia's Loren Moss on Antioquia's rapid growth,...

This past week most headlines have been so contaminated with politics it has been hard to find much else to discuss. Everyone who ever picked up a banner and marched in Colombia is a descendant of Vladimir Lenin and anyone who ever owned a business has modeled it on the Victorian...

S&P says it may downgrade these companies in case of a similar rating action on Colombia. The firm could lower the sovereign ratings if the potential long-term damage caused by the pandemic, other domestic developments, or new external shocks, prevent the Colombian economy from...

The move further weakens Colombia’s precarious financial position brought on by the COVID-19 pandemic, causing an almost 7% contraction in the country’s economy. Fitch may likely downgrade Colombia as well, as the country already sits at the firm’s lowest investment grade before...

Carrasquilla became the personification and villain of the tax package—and dissatisfaction with the Duque administration more broadly—after admitting to Colombian journalist Vicky Davila in the weeks leading up to the protests that as one of Colombia’s elite, he had no idea how...

Colombian President Ivan Duque announced that he was asking Congress to withdraw from consideration his fiscal reform package, brainchild of his Finance Minister Alberto Carrasquilla. The controversial package was put forward to broaden the Colombian government’s revenue base,...