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//Economy
Bogotá, Colombia imf growth
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IMF Maintains 2.5% GDP Growth Forecast for Colombia in 2016

In terms of large Latin American economies, Peru and Colombia are the only two countries currently projected for growth of 3.0% or more in 2017.
Posted On July 21, 2016
, By Jared Wade
corn in colombia, representative of food inflation
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Analyst Predicts Further Interest Rate Hikes in Colombia due to High Inflation and Food Prices

"There is little room for policymakers to leave interest rates on hold," according to Capital Economics analyst Adam Collins.
Posted On July 20, 2016
, By Jared Wade
isagen colombia FDI
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Foreign Direct Investment Jumps 44.5% in Colombia During First Quarter due to Isagen Sale

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.
Posted On July 15, 2016
, By Jared Wade
canada colombia Justin Trudeau
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Canada Pledges $57.4 Million in Aid for Post-Conflict Colombia

Canada's pledge is the latest in a series of international commitments, including a $450 million USD commitment from the United States.
Posted On July 12, 2016
, By Jared Wade
colombia peso
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Colombia Puts New 20,000 Peso Bills with Enhanced Security Features into Circulation

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...
Posted On July 1, 2016
, By Jared Wade
Bogota Colombia
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Bogotá Is Among the Cheapest Cities in the World for Expat Workers

The Colombian capital ranks 190th out of 209 cities analyzed in a new study by Mercer — representing a drop of 42 spots from its 2015 edition.
Posted On June 28, 2016
, By Jared Wade
Colombian President Juan Manuel Santos celebrates the beginnings of peace with FARC commander Rodrigo Londoño Echeverri, aka, Timochenko. (Credit: Presidencia de la República / Juan David Tena. SIG)
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Dual Shocks of Peace and Brexit Shake Up Colombia’s Economic Future

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.
Posted On June 24, 2016
, By Jared Wade
mauricio cardenas colombia finance minister tax reform ecopetrol
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Colombia Raises Benchmark Interest Rate for 10th Straight Month to Fight Inflation

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.
Posted On June 23, 2016
, By Jared Wade
Colombia's President Juan Manuel Santos odebrecht
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President Santos Sets July 20 Deadline for Peace, Warns of Tax Increase if Colombia Cannot Reach Deal with FARC

"If the war continues we'll have to raise taxes to finance it," said Colombian President Juan Manuel Santos.
Posted On June 20, 2016
, By Jared Wade
juan manuel santos
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President Santos: Colombia Could Return to War if People Vote Against Peace Deal

"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.
Posted On June 17, 2016
, By Jared Wade
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