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Colombia to Join Global Entry Program that Allows Foreign Visitors to Cut Travel Time Through U.S. Airports

Colombia becomes the eighth nation whose citizens can now apply to join the U.S. Customs' Global Entry program and speed up the tedious process of entering the country.
Posted On July 27, 2016
, By Jared Wade
ecopetrol colombia fitch ratings bogota juan carlos echeverry
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Fitch Affirms Ecopetrol’s Investment-Grade Rating Days After Agency Issued Warning for Colombia’s Sovereign Rating

While Ecopetrol's long-term foreign-currency IDR was maintained at BBB, its outlook has changed to negative, and the energy giant's long-term local-currency IDR was downgraded one notch.
Posted On July 26, 2016
, By Jared Wade
movistar colombia fine million ultramagic
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Movistar Forced to Pay Back $2 Million USD to 208,000 Clients for Illegal Service Charges

The telecom giant must pay back $2 million USD to clients who incurred an irregular charge while switching service plans, says the Superintendency of Industry and Commerce.
Posted On July 26, 2016
, By Jared Wade
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LATAM Airlines Fined $22 Million USD for Bribery Charges in Argentina

The U.S. Department of Justice says that LAN's actions in Argentina were in violation of the Foreign Corrupt Practices Act.
Posted On July 26, 2016
, By Jared Wade
consumer confidence santafe centro comercial bogota
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Consumer Confidence Creeps Up in Colombia for the Fifth Straight Month

Despite an increase for the fifth straight month, BBVA analysts caution against an overly optimistic reaction to another minor uptick
Posted On July 26, 2016
, By Jared Wade
colombia ratings fitch ratings outlook stable negative sovereign rating bogota medellin
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Fitch Puts Colombia’s Ratings on Negative Outlook

Colombia's troubling current account deficit, external debt, and government deficit have led Fitch to assign the country a negative outlook.
Posted On July 25, 2016
, By Jared Wade
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Raising Capital: ColCapital’s Isabella Muñoz Details the Rise of Private Equity in Colombia

Isabella Muñoz, executive director of Colcapital, has seen private equity in Colombia go from nothing in 2005 to nearly $10 billion USD now among her organization's 99 members.
Posted On July 24, 2016
, By Loren Moss
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CAF Grants a $450 Million USD Development Loan to Colombia

"Today, more than ever, we need more inclusive, competitive, efficient, and sustainable cities," said CAF head Enrique Garcia.
Posted On July 22, 2016
, By Jared Wade
truck paro camionero colombia
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Trucker Strike Ends in Colombia After 45 Days of Disrupting the Nation’s Transportation Network

“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.
Posted On July 22, 2016
, By Jared Wade
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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
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