Colombia Business News Recap: Petro Administration Flails About While Economy Grinds to a Halt

Covered in this podcast of Colombia Business News Recap with Loren Moss https://lorenmoss.com/ brought to you by Finance Colombia https://www.financecolombia.com/

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• Colombia’s President Gustavo Petro’s Struggle to Name An Attorney General.
• Petro’s improvisational governance causing wide ranging problems for Colombia.
• Medellín’s Mayoral Runner Up & Quintero relative kicked out of city council.
• Medellín Mayor “Fico’s” first embarrassment, culture secretary already ousted.
• Public skepticism for Petro’s “Total Peace” initiative shrinks amid increasing violence. https://www.financecolombia.com/hope-is-fading-for-petros-total-peace-after-diaz-kidnapping-and-suspension-of-emc-negotiations/
• Homicides & suspicious deaths involving tourists reaches alarming levels. https://www.financecolombia.com/us-embassy-warns-of-rise-in-violent-crime-in-medellin-via-online-dating-applications/
• Losing the Panam Games is a major embarrassment for Petro Administration & loss for the entire country. https://www.financecolombia.com/colombia-working-to-restore-barranquilla-as-panam-games-host-city-after-rights-were-stripped-for-breach-of-contract/
• Claudia Lopez’s legacy as mayor of Bogotá. https://www.financecolombia.com/bogota-mayor-issues-ultimatum-to-colombian-consortium-building-metro-on-design-delays/
• Petro loses latest round in battle over Bogotá Metro. https://www.financecolombia.com/bogota-metro-faces-more-controversy-as-project-infighting-again-spills-into-the-public-sphere/
• The economy is stalling, reaching only 0.6% growth. https://www.nasdaq.com/articles/colombias-economy-grew-modestly-in-2023-as-rate-cut-calls-grow
• JetSmart launches domestic operations in Colombia. https://www.financecolombia.com/jetsmart-to-start-offering-domestic-routes-within-colombia-on-march-14/
• Avianca changes unaccompanied minor policy. https://www.financecolombia.com/avianca-ends-unaccompanied-minor-service-for-travelers-under-14-years-old/
• Foreign Minister Alvaro Leyva ousted by prosecutors, replaced by Luis Gilberto Murillo. https://www.financecolombia.com/colombian-foreign-affairs-minister-suspended-for-improper-handling-of-passport-printing-bid-process/
• Piedad Córdoba dies, leaving a mixed and controversial legacy. https://www.financecolombia.com/ruminating-on-the-right-and-left-of-colombian-politics-following-the-death-of-piedad-cordoba/
• Collective Mining (TSX.V CNL) increases drilling in Caldas. https://www.financecolombia.com/collective-mining-encounters-strong-porphyry-mineralization-mobilizes-second-rig/

Don’t forget! Come meet the team and me at the March 7 AI/ChatGPT Happy Hour at the Marquee Hotel in Medellín.

Thursday March 7 2024 Rooftop, Marquee Hotel Medellín 5:30pm Cash Bar

Disclosure: As mentioned, the presenter is long on Collective. Collective is not a sponsor of Finance Colombia or this podcast.