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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...

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...

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....

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.

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...

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...

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...

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...

Data from the first half of 2019 indicating that Colombia is on track to meet its 2019 fiscal target without one-off asset sales is a positive development, but meeting the 2020 target could be challenging, says Fitch Ratings. The risks to fiscal consolidation and to the...

Heavy commodity dependence and direct trade exposures represent significant vulnerabilities for Latin American economies if China’s slowdown is sharper than expected, says Fitch Ratings. Large commodity exporters such as Chile, Brazil, Peru and Colombia are likely to be...