While the uptick provided much needed revenue for the government, the news isn't so positive outside of the one $2 billion sale of a state-owned utility.
Colombia officially begun circulating its redesigned 20,000 peso bill today as the first in a series of redesigned notes that will help prevent counterfeiting. The multi-colored bill is largely orange and includes the likeness of former President Alfonso López Michelsen, who...
Two historic events in less than 24 hours — a ceasefire with FARC and the United Kingdom's Brexit — may each reverberate throughout the Colombian economy for years to come.
To fight the highest inflation Colombia has seen in 15 years, the nation's central bank raised its benchmark interest rate, up 25 basis points to 7.5%, for the tenth consecutive month.
"We will go back to the state of war” if the peace deal doesn't pass the popular vote, said Santos during the first day of a World Economic Forum event in Medellín.