Finance Colombia

Gran Colombia Gold Reports Improved Results For Q3 2020

Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today that it produced a total of 19,699 ounces of gold in September 2020 bringing the total for the third quarter of 2020 to 58,454 ounces, up 4% over the third quarter of 2019. The third quarter 2020 production...

Posted On October 28, 2020

, By Loren Moss

Interview: Colombia’s New Puerto Antioquia Ocean Port Will Lower Costs & Boost Competitiveness

This new port, along with major highway construction projects upgrading the road connectivity, is expected to increase the competitiveness and lower the transportation cost for the export and import of goods into Colombia.

Posted On October 28, 2020

, By Loren Moss

Photo: An Avianca 787 on the tarmac at José María Córdova International Airport near Medellín in Colombia. (Credit: Avianca)

US Bankruptcy Court Approves $2 Billion USD Avianca DIP Financing Package

After a $370 million USD government loan was blocked by a Colombian court, a US bankruptcy judge approved a total of $1.217 billion USD in new DIP loans that Avianca was able to negotiate from existing creditors and new investors.

Posted On October 5, 2020

, By Loren Moss

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

Colombia's President Ivan Duque implements measures against the Coronavirus Covid-19 Pandemic. Photo: César Carrión - Presidencia de la República

ALL FOREIGN TRAVEL TO COLOMBIA BANNED DUE TO CORONAVIRUS

President Ivan Duque announced Sunday that Colombia, starting today, March 16, is completely closed to foreign visitors in an effort to contain the global Coronavirus COVID-19 pandemic

Posted On March 16, 2020

, By Loren Moss

Colombia’s Central Bank Holds Urgent Meeting To Review Deteriorating Global Economy: Coronavirus, Saudi-Russian Oil Price War, Falling Currency

Colombia's Central Bank, Finance Ministry, and Financial Regulator met today to discuss the rapidly deteriorating global financial situation fueled by coronavirus, outbreak of petroleum price war, and a falling currency value.

Posted On March 9, 2020

, By Loren Moss

Migración Colombia General Director Juan Francisco Espinosa. Photo courtesy Migración Colombia

Colombia Announces Immediate Measures For All International Travelers To Prevent Coronavirus Spread

Colombia’s immigration authorities in conjunction with the Ministry of Health have announced new measures, effective immediately, that apply to all travelers entering Colombian territory, whether Colombian or foreign.

Posted On March 9, 2020

, By Loren Moss

Coronavirus A Threat To Colombia, Latam Economies, Even Without Infections Says Fitch

Sovereign and corporate issuers in Latin America will be adversely affected by slower Chinese demand and commodity price weakness caused by coronavirus due to high commodity export dependence and direct trade exposure to China, says Fitch Ratings.

Posted On February 27, 2020

, By Loren Moss