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"The next administrations in both Chile and Colombia will face challenges to achieving fiscal consolidation," said Fitch.

Up to 15 fintech companies will enter a three-month training and capital-raising program. The two highest-performing startups will receive at least $75,000 USD in funding.

After Brazil (51% negative) and Colombia (20%), Fitch Ratings has assigned negative outlooks to 19% of corporates in Chile, 12% in Peru, 9% in Mexico, and 6% in Argentina.

"Corporates have been negatively affected by elevated interest rates in several countries and rising taxes," said Paula Bunn of Fitch Ratings.

During peak summer season, from June 8 to August 14, United Airlines will make two flights per day between Newark and Bogotá.

The IMF is predicting 2.3% GDP growth for Colombia in 2017, a decrease from the 2.7% expansion the institution had forecasted in October.

The 2016 total was more than half a billion dollars above the $5.2 billion USD reported in 2015 and puts the industry second in terms of foreign revenue generation after the oil sector.

The meeting will take place at 9:00 am on Tuesday, April 4, at the Colombian Consulate. Local businesses are encouraged to participate.

"Signs for an improvement in credit metrics are slowly emerging for corporates across Latin America following a tough year during 2016," said Jay Djemal of Fitch Ratings.

"Our operation in the country, a strategic market for Citi that already has 100 years of history, will continue normally," said Citibank.