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Venezuela’s rampant dollarization has fed a national demand for counterfeit dollars, and criminal groups in neighboring Colombia and Peru have ramped up production.

Neo-Marxist Petro blames the scandal on the "owners of capital," but the protagonists were his own chief of staff & campaign manager.

Throughout Colombia, gasoline prices are now seen in a range between 11,100 to 11,300 pesos per gallon (roughly $2.40-2.40 per gallon).

In an internal document, Ultra asks employees to be patient about their paychecks.

It's doubtful it will be a quiet week in Colombia - but have a good one.

Last week in Colombia was one totally bereft of either macro data or economic surveys; this week will be the polar opposite.

Since his days as Bogotá's mayor, Petro has insisted on an underground subway. Now as President, he hopes to force his vision on current mayor Lopez.

On a more optimistic note, the MSCI COLCAP finally appears to be gaining a foothold in 2021, we are no longer bottom of the pile and for foreigners in particular, there are bargains to be had.

Fitch Ratings has assigned a long-term 'BBB' rating to Empresas Publicas de Medellin E.S.P.'s (EPM) proposed senior unsecured U.S. dollar debt issuance that matures in 2031. Fitch has also assigned a long-term 'BBB' rating to the company's proposed reopening of its 8.375% senior...

Fitch Ratings has downgraded Colombia's Long-Term Foreign Currency Issuer Default Rating (IDR) to 'BBB-' from 'BBB'. The Rating Outlook remains Negative.