While the $450 million USD pledged by Obama has been approved, doubt remains as to whether the same level of assistance will keep arriving over the long term.
Gran Colombia Gold is in the middle of a grievance with the Colombian government. The Canadian-registered gold and silver mining firm has been struggling to manage what some would call “illegal mining” and others might call “informal mining” on its...
S&P made no changes but suggested it could downgrade Colombia's sovereign rating if the country's fiscal debt burden does not improve within the next 18 months.
Finance Minister Mauricio Cardenas says the overhaul "is a difficult measure that will require a large sacrifice of all Colombians — but it is necessary."