“This strike, which lasted 45 days, has been very costly for everyone,” said Colombia President Juan Manuel Santos in announcing the deal reached with the truckers.
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.