Finance Colombia » minhacienda

Court Blocks Colombia’s $370 Million USD Emergency Loan To Bankrupt Avianca Airlines

A 3 judge panel in Colombia's Cundinamarca district court issued an emergency injunction against the $370 million USD loan by the administration of Colombian President Ivan Duque to bankrupt Avianca Airlines, where his sister is a top executive. The lawsuit was filed by a...

Posted On September 12, 2020

, By Loren Moss

Colombia’s Central Bank Holds Urgent Meeting To Review Deteriorating Global Economy: Coronavirus, Saudi-Russian Oil Price War, Falling Currency

Colombia's Central Bank, Finance Ministry, and Financial Regulator met today to discuss the rapidly deteriorating global financial situation fueled by coronavirus, outbreak of petroleum price war, and a falling currency value.

Posted On March 9, 2020

, By Loren Moss

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Colombia’s President Ivan Duque To Tap Ecopetrol For $1 Billion USD To Fund Promises, Quell Protests

At the instruction of the Colombian President Ivan Duque’s finance ministry, Colombia’s state-controlled petroleum company, Ecopetrol (NYSE: EC, BVC: ECOPETROL) has called for an extraordinary meeting of shareholders for December 16th at 7:30am in Bogotá’s Corferias...

Posted On December 2, 2019

, By Loren Moss

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Colombia To Create Giant Government Holding Company of 19 State Owned Enterprises

Colombia’s Ministry of Finance and Public Credit (Hacienda) announced that by November, Colombia will restructure its ownership of almost two dozen government-owned companies into a single entity with an expected value of $80 billion USD. The holding company would be comprised of...

Posted On September 5, 2019

, By Loren Moss

The Port of Barranquilla. (Photo credit: Puerto de Barranquilla)

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Inter-American Development Bank to Host 2020 Annual Meeting in Barranquilla

Colombia has previously hosted the event four times over the past six decades, mostly recently in 2009 in Medellín.

Posted On March 29, 2018

, By Jared Wade

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Colombia Launches $420 Million USD Housing Subsidy Program

The funds will significantly reduce the interest rate of some 77,000 mortgages that officials say will be generated by plan.

Posted On February 9, 2018

, By Jared Wade

mauricio cardenas colombia finance minister tax reform ecopetrol

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Colombian Congress Approves $81.3 Billion USD Budget for 2018

"This is a government of austerity," said Finance Minister Mauricio Cárdenas about a budget that is below the 2017 levels in real terms.

Posted On September 14, 2017

, By Jared Wade

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Colombian Finance Minister Lowers Forecast for Colombia GDP Growth to 2.0% for 2017

"These forecasts for Colombia's growth are much higher, compared to the other scenarios in Latin America," said Cárdenas.

Posted On July 26, 2017

, By Jared Wade

Mauricio Cárdenas, Ministro de Hacienda y Crédito Público. Presidente de la Junta Directiva. Archivo Banco de la República. Fotografía Juan Enrique Rodríguez.

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Colombian Government to Cut Spending by more than $1.6 Billion USD in 2018 to Reduce Deficit, Says Finance Minister

"We will continue to reduce spending with the objective of hitting fiscal targets and reinforcing our country’s BBB rating,” said Mauricio Cárdenas.

Posted On July 17, 2017

, By Jared Wade

Banco de Bogotá FINDETER award hospital colombia oncology HOMI Mercy Hospital

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Banco de Bogotá Recognized for Supporting Oncology Unit at Colombian Hospital

Findeter recognized Banco de Bogotá for financing an oncology unit at HOMI Foundation – Mercy Hospital in the capital that is helping care for children with cancer.

Posted On April 14, 2017

, By Jared Wade