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The Peso was badly hit during the holiday period dropping 4.87% to over 5,000 once again...

CPI may yet go higher, obviously not to those seen on the streets of Caracas or Buenos Aires, but only Chile (13.3%) amongst the mainstream Latam economies has higher inflation.

Services exports reached $7.641 billion, 30.9% higher than in 2020.

When taken in conjunction with the big decline in Consumer Confidence which was reported a fortnight ago, there are reasons for concern.

Colombia's manufacturing sector received $1.13 billion USD in Foreign Direct Investment

There is little question that the country is going in the right direction, even the unemployment data for September was considerably better than expected.

The proposal allocates 209.1 trillion pesos for government operating costs, 2.6% more than this year, while proposed debt payments would rise 1.6% to 71.6 trillion pesos.

Colombia’s financial superintendent Jorge Castaño Gutiérrez has appointed the economist Juan Carlos Mendoza as the delegate for the Supervision of Market Risk and Liquidity for Superfinanciera, Colombia’s financial regulatory body. Mendoza worked for more than 10 years in the...