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"The problem is that after years of corruption and mismanagement, the Colombian bank balance isn't in any shape to write the checks needed to move the inequality needle."

Frontera returned more than $144 million to shareholders via dividends and buybacks, also cutting senior unsecured notes principal by over 20%.

One problem, of course, is money; Colombia doesn't have enough of it.

Shipments rose 9.6% to 5.1 million tons from January to June, showing strong volume growth versus early 2024.

In addition to the investigation into his role in the presidential campaign and appointment of the president of ISA, Roa is also allegedly implicated in a corruption scandal at Ecopetrol

Amidst the backdrop of a government hostile to petroleum, now Shell leaves Colombia's offshore gas sector, joining other majors in exiting as production drops 48%.

Banco de la República voted 4-3 to maintain rates at 9.50%, easing fears of central bank politicization under Gustavo Petro.

Colombia's January retail sales surged 10.1% (vs. 4% expected), electronics up 50%, vehicles 23%, as manufacturing grew 1.9%.

The 44th ANATO Tourism Showcase hosted 52,000 attendees, up 5% from last year, featuring a new “Tourism with Purpose” stand for inclusive projects.

ANATO Vitrina turistica drew 50,000 attendees from 46 countries. The vibrant event in Bogotá is the most important Tourism event in the region.