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A week dominated, or at least that was the perception, by politics.

Though Gustavo Petro and Donald Trump share mutual animosity, FTI's Daniel Giraldo is optimistic about the long term relationship between Colombia and the United States.

Recent board changes consolidate the Petro administration's control of the Ecopetrol board of directors.

The government justifies the move based on a reported deficit of 12% domestic supply meeting producer demand.

The confirmation of a permanent Chief Compliance Officer occurs during a period of heightened legal and political scrutiny for the company.

"An excessive minimum salary increase is a threat on two fronts. It will impact inflation as suppliers face higher costs and also further push that domestic demand."

The complaint says that Colombian president falsely accused his former foreign minister of plotting a coup with US politicians against him.

Despite Iván Cepeda's strong showing in the primary, weak turnout may indicate that Colombians are tired of Gustavo Petro's populist antics and "revolutionary" politics.

Colombian banks must now walk a tightrope between angering the outgoing president & international financial isolation.

The designation largely cuts Petro & Benedetti off from the international financial system, especially once Petro's presidency ends next year.