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//alberto carrasquilla
Photo: Iván Duque Márquez, president of Colombia, briefs reporters during the U.N. General Assembly. (Photo credit: UN Photo/Loey Felipe)
0

With His Term Coming To An End, Colombian President Ivan Duque Seen As Failure At Home & Abroad

Things can get worse, much worse. But as Duque’s four year term comes towards a close, there is a practical consensus in Colombia that things could have been much better.
Posted On February 17, 2022
, By Loren Moss
0

What Jumps Out – All Change (At The Central Bank)

We have seen a slight rebound over recent sessions as the peso recovers from the perfect storm of a lost investment grade, a wobbly oil price and forthcoming elections. Another major factor for the peso will be exports and there was good news on that front for July.
Posted On August 31, 2021
, By Rupert Stebbings
0

What Jumps Out : Meat Loaf (and the ratings agencies)

All three agencies said publicly many months ago that they were looking for the tax reform to right the fiscal ship which has been listing badly ever since COVID struck - to put it bluntly, the authorities have failed to deliver - and it is on them.
Posted On July 7, 2021
, By Rupert Stebbings
Image by David Mark from Pixabay
3

S&P Lowers Colombian Currency Rating to Junk: BB+

The move further weakens Colombia’s precarious financial position brought on by the COVID-19 pandemic, causing an almost 7% contraction in the country’s economy. Fitch may likely downgrade Colombia as well, as the country already sits at the firm’s lowest investment grade before...
Posted On May 21, 2021
, By Loren Moss
0

What Jumps Out: Band-Aid (or, Colombia’s Dire Economic Straits Need A Bit More)

Against the backdrop of the images we have seen, it appears almost churlish to discuss Colombia's investment grade credit rating, however its removal would have more effect on those protesting than most of them could imagine.
Posted On May 11, 2021
, By Rupert Stebbings
“On the issue of eggs, it depends on its quality. Let’s say $1,800 COP (48 cents, US) a dozen or something like that.”
0

Finance Minister Alberto Carrasquilla Replaced By José Manuel Restrepo As Colombia’s Finance Minister After Tax Package Leads To Deadly Nationwide Protests

Carrasquilla became the personification and villain of the tax package—and dissatisfaction with the Duque administration more broadly—after admitting to Colombian journalist Vicky Davila in the weeks leading up to the protests that as one of Colombia’s elite, he had no idea how...
Posted On May 4, 2021
, By Loren Moss
President Duque withdraws the Fiscal Reform package.
2

Colombian Fiscal Reform Proposal Defeated By Protests, President Ivan Duque Admits Defeat

Colombian President Ivan Duque announced that he was asking Congress to withdraw from consideration his fiscal reform package, brainchild of his Finance Minister Alberto Carrasquilla. The controversial package was put forward to broaden the Colombian government’s revenue base,...
Posted On May 4, 2021
, By Loren Moss
Above photo: Twittter @Giovasummer
1

Colombians Take To The Streets To Protest, Lambast President Duque’s Fiscal Reform Package

Firearms and heavy weapons remain exempt from taxation, along with bottled mineral water and most soft drinks. In a “Let them eat cake” moment, Duque’s finance minister Alberto Carrasquilla in an interview defending the tax package, admitted that he had no idea how much basic...
Posted On April 29, 2021
, By Loren Moss
Ahead of the expected presentation of the tax reform to Congress next week, the 'commission of experts' have spoken with their views as to what needs to happen.
0

Opinion: On Colombia’s Tax Reform, The Experts Have Spoken

Ahead of the expected presentation of the tax reform to Congress next week, the 'commission of experts' have spoken with their views as to what needs to happen.
Posted On March 19, 2021
, By Rupert Stebbings
off

Colombia To Create Giant Government Holding Company of 19 State Owned Enterprises

Colombia’s Ministry of Finance and Public Credit (Hacienda) announced that by November, Colombia will restructure its ownership of almost two dozen government-owned companies into a single entity with an expected value of $80 billion USD. The holding company would be comprised of...
Posted On September 5, 2019
, By Loren Moss




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RECENT

POPULAR

COMMENTS

US President Joe Biden Speaks with Colombia President-Elect Gustavo Petro

Posted On June 22, 2022

Guest Editorial: Colombia’s Establishment Wins Again, But at What Price?

Posted On June 20, 2022
Today, Colombian voters elected Gustavo Petro as the next president of Colombia, along with his running mate Francia ‘Márquez Mina as vice president

Gustavo Petro Elected Colombia’s Next President

Posted On June 19, 2022

Romanian Cybercriminal Mihai Ionut Paunescu Captured In Colombia

Posted On June 29, 2021
Photo montage courtesy EPM

EPM’s Board of Directors Resign En Masse, Creating Crisis For Mayor Daniel Quintero

Posted On August 17, 2020

Deadly Riots & Protests Against Police Brutality Break Out Across Colombia

Posted On September 10, 2020

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