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Though the rating is unchanged from the New York agency’s previous assessment, the status quo represents positive news for a country where economic growth has slowed.

After cutting the benchmark interest rate to 4.5% in January, the central bank board "considered the cycle of rate reductions had been completed," says Echavarría

The IMF projection is in line with the 2.9% prediction issued last week by the World Bank.

“The dynamics of the domestic demand were weaker than expected” in the third quarter, stated the central bank.

Last July, the IMF forecasted Colombia's GDP to grow by 3.0% in 2017. In October, that figure fell to 2.7% then, in April, it was cut again to 2.3%. Now it sits at 2.0%.

"The slowdown in output and lower external imbalance reflect the adjustment required in the Colombian economy," said the central bank.

Colbitex launched in this beta form, using valueless currency, on June 3 and plans to go live officially in July.

At its October meeting, the Board of the Central Bank decided by majority to give a 50-bp hike to the repo rate to 5.25%. This adjustment was above our expectation and market consensus, which aimed at a 25-bp increase. In addition, the Bank reactivated auctions of FX call options...

Surgery sounded like it was going cost Edward Janssen an arm and a leg. Even though he had medical insurance, his deductible created out-of-pocket expenses that would force the 58-year-old construction worker from Kansas to go to great pains to come up with the $80,000 to pay for...

Colombia’s gold reserves remain underused; no president from Uribe to Petro has maximized this asset to pay down national debt.