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"Places like this are important for Medellín because they are the starting point for innovation to become the main driver of the city’s economy," said María Fernanda Galeano.

"You need a bunch of other expertise around the table in addition to raw engineering talent," says Casnocha. "There is still work to be done in terms of the human capital."

The stars of this year's show are the F-16 “Fighting Falcon” jets brought by the United States and the skywriting “Smoke Squadron” of Brazil.

"Medellín was the city where we had to start out," says Alejandro Herrera. "Everything is here, but we’re not limiting ourselves. We want to be a multinational."

Starbucks has partnered with the Inter-American Developmental Bank on a $4 million USD loan program for 2,000 small-scale framers, most of whom will be women.

Jaime Peláez of Internexa says "banks have an enormous challenge ahead" to both improve their own security and teach users how to safeguard themselves.

Medellín hosted 42 international association meetings in 2016. This was the same number as Chicago and Zurich — and seven times as many as the former world murder capital held in 2006.

Fitch Ratings based its view on Bancolombia’s improved operating efficiency and “solid performance in 2016.”

"The Ducati client wants something from the high end that other people don’t have," said Sergio Cordoba.

Colombia’s largest bank Bancolombia this week lowered the interest rates on its mortgage offerings by up to 150 basis points. According to the Medellín-based financial institution, this move means its rates now start at 0.76% monthly, or 9.6% on an annual basis. The bank said...