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“This is a sign of the road to recovery,” said Colombian Minister of Commerce, Industry, and Tourism María Lorena Gutiérrez.

President Santos said the goal of the negotiation is “to maintain the income of workers but also to avoid a negative effect" for those who earn the minimum.

Santacruz de la Rosa has worked for the Bogotá-based public agency for more than 25 years.

Mauricio Cárdenas and Juan José Echavarría will both speak at the 2018 Bonds, Loans & Derivatives Andes conference in February.

S&P highlighted Colombia’s “diminished policy flexibility” due to “weakened fiscal and external profiles” in its analysis following the move.

An increase over the past month in the recreation prices (up 0.68%) and housing prices (0.30%) helped to push up the overall consumer price index.

“The dynamics of the domestic demand were weaker than expected” in the third quarter, stated the central bank.

In five years, after more dredging and investments, Guillermo Peña Bernal believes the Port of Barranquilla will even better positioned to transport goods.

The loan will “give a big boost” to the massive 4G road construction project underway in Colombia.

The October rate is up slightly from 3.97% last month and puts inflation outside of the central bank’s target rate for the first time since June.