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The move further weakens Colombia’s precarious financial position brought on by the COVID-19 pandemic, causing an almost 7% contraction in the country’s economy. Fitch may likely downgrade Colombia as well, as the country already sits at the firm’s lowest investment grade before...

Against the backdrop of the images we have seen, it appears almost churlish to discuss Colombia's investment grade credit rating, however its removal would have more effect on those protesting than most of them could imagine.

Carrasquilla became the personification and villain of the tax package—and dissatisfaction with the Duque administration more broadly—after admitting to Colombian journalist Vicky Davila in the weeks leading up to the protests that as one of Colombia’s elite, he had no idea how...

Colombian President Ivan Duque announced that he was asking Congress to withdraw from consideration his fiscal reform package, brainchild of his Finance Minister Alberto Carrasquilla. The controversial package was put forward to broaden the Colombian government’s revenue base,...

Beyond the tax reform, which was the primary theme of the protests, Colombians took the opportunity to express deep discontent with the current government’s failure to manage the COVID pandemic, and lack of vaccines available in the country, and the government’s failure to...

Firearms and heavy weapons remain exempt from taxation, along with bottled mineral water and most soft drinks. In a “Let them eat cake” moment, Duque’s finance minister Alberto Carrasquilla in an interview defending the tax package, admitted that he had no idea how much basic...

Like several other companies in Colombia, Khiron (TSX.V: KHRNF) cultivates and processes cannabis at its agricultural facilities in Ibagué, Tolima. But Khiron takes the unique approach of launching and operating a chain of integrative medical clinics under its Zerenia brand,...

Maria Paula Duque has left her position with Avianca Airlines where she was Senior Vice President of Strategic Relations & Director of Customer Experience, and joined FTI Consulting in Colombia as Managing Director. Duque is sister of Colombian President Ivan Duque.

President Duque praised Tecnoglass’ evolution into a highly technological operation with value-added components that have allowed it to penetrate the U.S market, becoming one of the largest companies in the industry. He also highlighted the company´s leading role in seeking a...

“No more defense of the murderous rats that today pose as human rights defenders, no more defense of evil and criminality with ornate writings”—General (ret) Luis Humberto Poveda.