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The Inter-American Development Bank (IDB) has approved a $500 million loan that will support reforms of Colombia’s financial system and contribute to the economic growth of the country. The reforms are designed to promote an increase in financing for productive development,...

On Sept. 11, 2015, Bancolombia announced an agreement to acquire an additional 20% stake in Banco Agromercantil de Guatemala which would bring the bank’s share of Banco Agromercantil de Guatemala’s equity to 60%. Once the transaction is approved by regulators in both...

Credivalores-Crediservicios SAS, a large consumer lender in Colombia, announced on October 13 the successful closing of a COP $ 270,000 million ($93 million USD) syndicated structured loan with a tenor of 60 months and a revolving availability period of 3 years. This new facility...

This week, Corferias, Bogotá’s flagship convention facility, is host to TecnoMultimedia InfoComm Colombia; Colombia’s combined electronics and multimedia trade show. The event combines academic courses from InfoComm International along with the CEDIA (Custom Electronic Design...

The Country Club of Bogota was the host for the Second Endeavor Colombia Gala on the 28th of October, bringing together 200 business leaders dedicated to promoting social development by leveraging the the high impact of entrepreneurship. In addition to the business leaders...

At its October meeting, the Board of the Central Bank decided by majority to give a 50-bp hike to the repo rate to 5.25%. This adjustment was above our expectation and market consensus, which aimed at a 25-bp increase. In addition, the Bank reactivated auctions of FX call options...

Fitch Ratings-New York-29 October 2015: The weather phenomenon known as El Nino, which causes lower water precipitation in Colombia, is currently putting the country’s electricity regulatory framework to the test, according to Fitch Ratings. A drought that could last until...

The Internet Corporation For assigned Names and Numbers (ICANN) has concluded its inaugural forum on September 28 in Bogotá, held to address topics related to the Domain Name System, internet infrastructure, and the new gTLD program. The LAC-i-Roadshow is part of the regional...

Already under construction, the Ágora Bogotá International Convention Center is slated to open the first trimester of 2017, and has already booked significant events such as the World Neurosurgery Congress in 2021, and the One Young World youth event. The new convention center...

Less than a month after announcing that it was suspending domestic activity in the Colombian market, Finance Colombia has learned that Paypal and Davivienda, a major Colombian bank, plan to announce an alliance this week that makes Davivienda the exclusive banking channel for...