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Fitch attributes the move in part to fiscal decisions made by the national government that affect municipalities.

The suspension is due to the lack of a credible fiscal plan under Colombia's current presidential administration.

Hopefully, Banco de la República will this week cut those overnight rates — by at least 50 basis points — from the current 12.25%.

Fedesarrollo's survey projects March inflation to drop to 7.34% — and continue falling to hit 5.51% by year-end.

While Colombia was not included in the IMF's mid-year reassessment, the organization in April projected the nation's economy to grow by 1.0% in 2023 and 1.9% in 2024.

A Colombian government delegation was in Washington this week meeting with IMF, World Bank and US officials.

The outlook change to negative reflects risks that the economic and fiscal effects of the coronavirus shock, which Moody's identifies as a social risk under its ESG framework, may leave a lasting impact on Colombia's fiscal strength and its overall credit profile.

AM Best has revised its market segment outlook to negative from stable on Colombia’s insurance industry, owing mainly to the COVID-19 pandemic and the resulting economic damage, which will strain the segment considerably. A new Best’s Market Segment Report, titled, “Market...

The Executive Board of the International Monetary Fund (IMF) approved on Friday a successor two-year arrangement for Colombia under the Flexible Credit Line (FCL) in an amount equivalent to SDR 7.8496 billion, or approximately $10.8 billion USD and noted the cancellation by...

Today, mechanical engineer Armando Zamora Reyes (above, left) was sworn in as president of Colombia’s National Hydrocarbons Agency by Minister of Mines and Energy, María Fernanda Suárez Londoño