Tag

Colombia is very rarely, if ever, bereft of news, and this week was no exception. In fact it was a bit of a doozy!

In contrast to the year 2021 that ended with inflation of 5.62%, in 2022, historically high annual inflation was recorded for Colombia of 13.12%, that is, 7.5 points higher than the previous year, a peak level that had not been registered since 1999, 23 years ago. The...

Foreigners now own $26 billion USD in local Colombian debt.

Inflation seeks to be the highest in Colombia since 1999 based on DANE statistics.

Colombia fashion exports reached $962.6 million USD, up 6.5% over 2021

Ocampo added that inflation should have slowed in December & this will allow the central bank to cease the tightening cycle.

While the president is away at the COP27 summit, inflation hit a 23 year high, which will no doubt affect the coming minimum wage increase.

Almost 40% of Colombia’s exports of non-mining goods were destined for Latin America and The Caribbean in September

Viva Foundation investments exceed 2 billion pesos on projects that have directly benefitted approximately 240,000 Colombians.

Last week ended with the Central Bank increasing rates from 10-11%, fully as expected but FinMin Ocampo was part of a unanimous vote of 7-0 despite public comments suggesting rate increases wouldn’t slow supply side inflation. His reply was that he wanted to help the...