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The loan from by the state controlled petroleum company from a Colombian private bank is roughly $180.3 million USD.

Fitch Ratings stated that tampering with the fiscal rule would only hinder the nation's hopeful return to investment grade.

Banco de la República left rates at 13.25% — no surprise! — and lowered their 1.0% GDP estimate for 2023 to 0.9%.

President Petro's son, Nicolas Petro, has been arrested. The key here is that the president called for the investigation and has stepped away.

The political scandal that saw President Petro's coalition implode and the de facto suspension of the reform process was little more than a tremor on the Colombian Richter scale. Now the earth is properly moving.

As ratings agency Standard & Poor lowered Colombia's sovereign currency rating from investment grade into junk status, two government development banks and one commercial bank also took the hit. Findeter, FDN & Banco Davivienda al saw credit ratings drop out of investment grade,...

Avianca Holdings S.A. (NYSE: AVH, BVC: PFAVH) confirmed in a filing with the US Securities & Exchange Commission that the information published on May 11 by newspaper El Tiempo, relating to the bankrupt airline’s five largest creditors is accurate. One of the motions the air...

Davivienda will use the funds to provide financing for mortgage loans within Colombia's VIS and VIP programs.

The revision reflects Davivienda's “resilient and stable financial performance that has proven effective and consistent during periods of market turmoil."

More than 1,500 attendees gathered in the capital for the fourth edition of Colombia Startup.