Finance Colombia

Breaking News: Former Avianca Chairman Germán Efromovich Arrested On Corruption & Bribery Charges

Former Avianca chairman Germán Efromovich along with his brother José have been arrested in Brazil on charges of bribery and corruption as part of the Lava Jato investigation.

Posted On August 19, 2020

, By Loren Moss

Free Webinar August 26: Hydropower of Latin America: Implementation of HPPs Construction & Modernization Projects

Free webinar August 26: Hydropower of Latin America: implementation of HPPs construction and modernization projects 11 am Colombia time Organizer: Vostock Capital Website: https://www.latinamericahydrocongress.com/en/webinar

Posted On August 17, 2020

, By Loren Moss

Photo credit: Laura LaRose via Flickr https://flic.kr/p/QACXgS Creative Commons Attribution 2.0 license

Cuban Doctors Deploying To Medellín? Not All Roads Lead To Cuba In International Cooperation – Op Ed

A leaked letter showed that Medellín Mayor Daniel Quintero wrote the cuban government asking for Cuban doctors to potentially come to Medellin and help with the COVID-19 Pandemic. But he bypassed Colombia's foreign ministry and ignited a major controversy that a more experienced...

Posted On August 1, 2020

, By Sergio Escobar

The above IHME map shows the mean value (across the 1,000 regressions that IHME runs in its SEIR model) of effective reproductive number, R, on June 9. Infections on June 9 roughly correspond to cases of COVID-19 on June 20 given the average duration of 11 days between infection and being reported as a case. Where this value is greater than 1, it means that every person infected with COVID-19 will produce more than one additional infected person. To successfully eliminate a disease from a population, R needs to be less than 1. The map shows that on June 9 in many parts of the world, R was lower than 1, including many parts of North America, Europe, Africa, India, Australia, and New Zealand. Locations that are showing effective R values greater than 1, which means that the number of cases of COVID-19 in the population is growing, include several states in India, the US, Mexico, and Brazil, as well as many countries in the Southern Hemisphere, such as Argentina, Chile, and Indonesia. Several countries in the Middle East, including Egypt, Saudi Arabia, Iraq, and Yemen, as well as Turkey and Iran, also had R values greater than 1 as recently as two weeks ago.

Up To 81,942 May Die In Colombia From COVID-19 Says University of Washington Institute

The Institute for Health Metrics and Evaluation (IHME) at the University of Washington is forecasting nearly 388,300 people will die from COVID-19 in Latin American and Caribbean nations by October 1. Brazil is expected to exceed 166,000 deaths and Mexico 88,000. Six other...

Posted On June 29, 2020

, By Loren Moss

movistar colombia fine million ultramagic

Colombia Telecomunicaciones’ (Movistar) Credit Ratings Remain Stable

Fitch says Movistar has a diversified service portfolio with a national footprint and improving 4G and fiber broadband networks. Mobile accounts for approximately 60% of revenues in 2019, in line with the regional median.

Posted On June 29, 2020

, By Loren Moss

Latin American Corporate Defaults Expected To Rise, says Fitch

The number of defaults in 2020 is on pace to exceed that of 2019 with indications there will be more to follow, given 6 group-level defaults YTD compared with 6 in all of 2019, and the high number of ratings at ‘CCC’ or below categories.

Posted On June 29, 2020

, By Loren Moss

The departments that registered the most birds were Antioquia, with 600 species, Valle del Cauca, with 548 species, Meta, with 532, and Caldas and Cundinamarca with 505 each.

Colombia Wins Cornell Global Birdwatching Competition For 4th Straight Year: 1,440 Species Observed

Colombia took first place in the Global Big Day birdwatching event organized by Cornell University. Of 1,440 species observed, 600 species were seen in Antioquia, 548 in Valle del Cauca, 532 in Meta, and 505 each in Caldas & Cundinamarca departments.

Posted On June 17, 2020

, By Loren Moss

Survey: 80% Of Colombians Prefer To Work From Home

g and 80% of respondents stated that they would like to telework more in the future. Colombians are those most enthusiastic about telework at 80%, followed by Portugal with 77%, Mexico 76%, Brazil 72% and finally Spain and Italy, both with 68%.

Posted On June 16, 2020

, By Loren Moss

Latin American Governments’ Weak Public Finances Leave Them Ill-Equipped To Battle Coronavirus Recession: Fitch

According to Fitch Ratings, Latin America sovereigns' weak public finances make them particularly vulnerable to the coronavirus crisis by limiting both their counter-cyclical policy flexibility and their ability to support post-crisis economic recoveries. The pronounced negative...

Posted On June 8, 2020

, By Loren Moss

Colombia Coordinating Humanitarian Repatriation Flights For Citizens Stranded Abroad

The Colombian government continues to arrange humanitarian flights to repatriate its citizens stranded abroad. To participate, Colombians must have previously registered with their respective Colombian Consulates to qualify for these flights, and must pay the ticket cost.

Posted On June 1, 2020

, By Loren Moss