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Best known in Colombia for its Jumbo brand of hypermarkets, the company's large regional presence highlights its financial stability.

Though a new ambassador has yet to be appointed, the position will be overseen by Rachel Brazier until a formal replacement is made.

"Latin American economies remain vulnerable to a sharp deceleration in the Chinese economy and its knock-on effects in commodity prices," said Rui J. Pereira of Fitch Ratings.

The perception of security in Colombia is better than the three other largest countries in Latin America: Mexico, Brazil, and Argentina.

The stars of this year's show are the F-16 “Fighting Falcon” jets brought by the United States and the skywriting “Smoke Squadron” of Brazil.

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

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.

GoldMining Inc. will pay for the two projects in the Northwest Territories with four million common shares.

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.