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As ratings agency Standard & Poor lowered Colombia's sovereign currency rating from investment grade into junk status, two government development banks and one commercial bank also took the hit. Findeter, FDN & Banco Davivienda al saw credit ratings drop out of investment grade,...

A bond issue was successfully completed last month in the amount of $131,350,000,000 Colombian pesos (Approximately $38.6 million USD) to finance the acquisition of the Transmilenio Phase I and II municipal bus fleet for the city of Bogotá’s 80th Street yard.  The transaction was...

Today the board of directors of Financiera de Desarrollo Nacional, Colombia’s national development finance entity that supports the financing of major public works projects announced that the agency’s president, Clemente del Valle Borráez (above photos) has stepped...

This is now the 14th project to receive funding within the 4G program and the first to close financing since President Iván Duque took office in August.

The dollar-based line of credit comes from the Central American Bank for Economic Integration (BCIE).

This adds to the original loan of nearly $125 million USD (350 billion pesos) that was approved in December 2017.

The loan will “give a big boost” to the massive 4G road construction project underway in Colombia.

Luis Fernando Mejia offers a candid view of the nation's competitive challenges, the cloud of corruption that Odebrecht has created, and the future of regulations in Colombia.

The proposed reforms will aim to solidify macroeconomic stability, boost development, encourage public/private partnerships, strengthen regulation, and promote financial inclusion.

Alex Johnson of GFC Media Group called the event "a must-attend for anyone wanting to meet and do business with the region’s senior-level market makers."