Finance Colombia » ministry of finance

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

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Gran Tierra Energy Announces Q1 2020 Results

Gran Tierra Energy announced that its net loss was $252 million compared with net income of $27 million in the Prior Quarter, due to lower revenues primarily from the collapse in oil price

Posted On May 25, 2020

, By Loren Moss

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Ministry of Finance: Colombia GDP to Grow by 2.7% This Year and 3.4% in 2019

This figure is identical to a recent forecast from the central bank and represents an improvement from the disappointing 1.8% registered in 2017.

Posted On June 16, 2018

, By Jared Wade

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Fitch Ratings Affirms Colombia’s BBB Credit Rating with a Stable Outlook

Though the rating is unchanged from the New York agency’s previous assessment, the status quo represents positive news for a country where economic growth has slowed.

Posted On May 9, 2018

, By Jared Wade

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

(Photo credit: Minvivienda)

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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

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Standard & Poor’s Lowers Colombia’s Long-Term Foreign Currency Sovereign Credit Rating to BBB-

S&P highlighted Colombia’s “diminished policy flexibility” due to “weakened fiscal and external profiles” in its analysis following the move.

Posted On December 12, 2017

, By Jared Wade

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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

Fitch Ratings Claro Colombia Telecom Telecommunications (Credit: Jared Wade)

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Colombia to Use $1.45 Billion USD in Arbitration Payments from Claro and Movistar for Pre-financing 2018 Budget

The Colombian government confirmed that Claro and Movistar have submitted payments for the enormous fines levied against them.

Posted On August 31, 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

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