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//Public Sector & Education
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Countdown Begins To F-Air Colombia 2015 Aeronautical Trade Show

Yesterday evening in Bogotá’s Corferias Convention Center, an reception attended by civilian officials, police and military brass from several different countries formally launched the preparatory phase for the 2015 F-Air Colombia International Air Show, to take place from July...
Posted On March 20, 2015
, By Loren Moss
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Colombia Floats $350 Billion (COP) In UVR Denominated Treasury Notes

As part of their public debt program, Colombia auctioned $350 billion in treasury notes, denominated in UVR (Units of Real Value), with maturities of 5, 10 and 20 years. The placement corresponds to 1.616 billion UVR. The yield on the issue is 1.83% for 5 year maturities, 2.65%...
Posted On March 7, 2015
, By Loren Moss
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Japanese Rating Agency “Rating and Investment Information Inc.” Upgrades Colombia to BBB

The Japanese rating agency Rating and Investment Inc. (R & I) has upgraded Colombia’s long-term debt rating from BBB- to BBB with a stable outlook. R & I confirmed its confidence in the country’s economic stability in recent years, noting that Colombia recorded real GDP...
Posted On March 4, 2015
, By Loren Moss
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Minhacienda Floats $700 Billion (COP) Notes To Strong Demand; Issuance Oversubscribed

The Colombian Finance Ministry issued $700 billion pesos (roughly $280 million USD) of public debt through Colombia’s domestic financial markets last week, with yields of 5.18% increment for five year maturity, 6.492% for a ten year term, and 735% for a 15 year maturity. The...
Posted On March 4, 2015
, By Loren Moss
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Bloomberg Philanthropies Selects Bogotá to Participate in The Global Road Safety Initiative

Bloomberg Philanthropies has announced the winning cities and countries selected to participate in a new phase of the foundation’s Global Road Safety Initiative, which aims to reduce fatalities and injuries from road traffic crashes. With a new commitment of $12...
Posted On March 4, 2015
, By Loren Moss
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Interamerican Development Bank Offering $7 Million In Grants To Support Regional Cooperation

The Inter-American Development Bank (IDB) launched the 2015 Call for Proposals of the Initiative for the Promotion of Regional Public Goods in Latin America and the Caribbean (LAC), which supports projects aimed at resolving shared challenges and seizing opportunities for...
Posted On February 17, 2015
, By Loren Moss
Marinilla, Colombia. Photo Credit: Loren Moss
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Minvivienda Announces Interest Rate Subsidies, Programs for Home Buyers, Free Housing

Vipa, Colombia’s primary mortgage interest rate subsidy program, its initials in Spanish standing for Vivienda de Interest Prioritario para Ahorradores, will continue promoting homeownership in 2015 by offering interest rate subsidies on home loans for families earning up to...
Posted On January 25, 2015
, By Loren Moss
President Santos in Bogotá's El Dorado International Airport, flanked by 2 airport employees. Photo credit: Efraín Herrera
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Colombia Announces Plans For Airport Expansions, Including Possible 2nd Bogotá Airport

President Juan Manuel Santos announced Wednesday plans to expand the El Dorado International Airport in Bogotá, which seeks to increase the current capacity of 50 operations per hour and 27 million passengers per year, to 90 operations per hour and approximately 40 million...
Posted On January 21, 2015
, By Loren Moss
Mauricio Cardenas, photo courtesy MinHacienda
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Colombia Issues $1.5 Billion (USD) Bonds At Record Low 5% Rate

The bonds, due in 2045, have a 5% coupon, the lowest rate that Colombia has achieved to date. The Ministry of Housing and Public Credit, Minhacienda, completed a successful bond offering today of $1.5 Billion (US), though there was $5 billion worth of demand from 244...
Posted On January 21, 2015
, By Loren Moss
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Fitch Affirms Medellín’s International Credit Ratings, Outlook Stable

The ratings firm Fitch reaffirmed its opinion on Medellin’s creditworthiness in a release issued today. Edited excerpts follow: According to Fitch, the rating actions are the result of the city’s relevant role in the Colombian economy; sound, albeit declining,...
Posted On January 20, 2015
, By Loren Moss
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