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While the rest of Latin America is going one way, Colombia is still lagging behind. Only Ecuador, with a 6.1% drop in the first quarter, performed worse.

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

Pollos El Bucanero will be run by Jorge Ivan Duque and operate as an arm within the larger Cargill Protein Latin America.

The 2016 total was more than half a billion dollars above the $5.2 billion USD reported in 2015 and puts the industry second in terms of foreign revenue generation after the oil sector.

The jump, if fully realized, would be enormous, adding some 57% to the current capacity in nine Latin American nations.

More marketing, targeted education, and training still needs to be done if Colombia wants to continue its growth in IT outsourcing.

"There’s an ecosystem of technology companies here, and that goes to show that there must be talent" says Marcelo Martinez of UruIT.

The Global analyst firm Everest Group has released a comprehensive, 165 page report (available here) covering global service delivery locations, and the report cites Colombia as a nascent location in the global services market. While the country still has only a small share of...

Michael R. Bloomberg today launched Bloomberg Philanthropies’ 2016 Mayors Challenge, a competition to inspire Latin American and Caribbean cities to develop bold new ideas that solve major problems and improve city life – and that ultimately can be shared with other cities. The...

Colombia’s civil aviation authority, Aeronautica Civil, also known as Aerocivil,  approved 57 new airline routes requested by airlines in 2015, including 34 national and 23 international routes. From the dates of approval, airlines have up to 180 days to provide service on those...