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Garcia was involved in awarding a large road project contract while serving under former President Álvaro Uribe.

"No technical factor was part of the accident, everything involved human error," said Colonel Freddy Bonilla of Aerocivil.

Some $11 million of these bribes were made in Colombia, where officials have responded by threatening to void tainted project awards.

The only two airports in the region ahead of El Dorado are Mexico City International Airport and São Paulo–Congonhas Airport.

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

Fitch's Latin American Sovereign Overview report reflects the weakness in economies throughout the region, with Colombian banks facing major headwinds.

"The sale process has started" for a one-fifth holding in the Brazilian airline.

Pacific Exploration is selling its 35% stake in the Karoon Blocks in Brazil to Karoon Gas Australia Ltd. for at least $15.5 million.

The secretary's mission is to consult with Colombian officials on their plans to maintain strength in public finances in a post-conflict Colombia.

"The record number of sovereign downgrades in 2016 overwhelmingly reflects weaknesses in emerging markets," says Tony Stringer of Fitch Ratings.