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Breaking the fiscal rule without extraordinary cause may risk overspending, mounting debt, and a blow to Colombia’s economic credibility.

After signing a deal with China's Xi Jing Ping, Colombian President Gustavo Petro returned home to bitter defeat of his flagship labor referendum project in the Colombian Senate.

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

While campaigning for president, Gustavo Petro explicitly promised that there would be no expropriation during his term.

Another aspect is the normalization tax complementary to income tax. This 17% tax would be reincorporated with the purpose of normalizing omitted assets or nonexistent liabilities, and would be in force for the year 2022. During 2021 an advance payment of 50% must be made.

The big question is what Fitch (BBB-) & Moody's (Baa2) chose to now do. Will they wait to see what is contained within 'Tax Reform II' when it is resubmitted? The issue is that there is little clarity on when that will be. Congress will shut down for the holidays in just over a...

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.

The World Economic Forum is launching two regional networks of cities in Latin America and South Asia to share knowledge on smart city development while protecting public interests related to privacy, security, and sustainability. Under the umbrella of the Forum’s G20 Global...

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...

IBM has announced the opening of its Cognitive Process Transformation Center in Bogotá Colombia, supporting IBM clients in Spanish, English & Portuguese with various outsourced back-office functions.