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What we did see from the latest Fedesarrollo survey was the expectation that interest rates will rise to 12% by year end.

While the president is away at the COP27 summit, inflation hit a 23 year high, which will no doubt affect the coming minimum wage increase.

Aside from his role as head of international investment for the BVC Colombian stock exchange and providing a column on economics for Finance Colombia, Rupert Stebbings has served on the board of directors for Viva, and wrote the corporate biography, "The Viva Effect."

"Colombia and Pakistan are the only two 'normal' countries in the world..."

There is little question that the country is going in the right direction, even the unemployment data for September was considerably better than expected.

The last few days have featured the 2021 version of the Colombian Investment Summit and there has been plenty to reflect on.

Some of this may finally be starting to filter through to both the stock market and Peso - both have outperformed the region over recent sessions.

Viva uses its charitable arm, the Viva Foundation led by Monica Gil and Tatiana Vásquez to translate the airline’s operational acumen into direct action for social good.

Reportedly 100 new ideas have been added to Colombia's second attempt at tax reform this year, and four original provisions have already been axed.

On a more optimistic note, the MSCI COLCAP finally appears to be gaining a foothold in 2021, we are no longer bottom of the pile and for foreigners in particular, there are bargains to be had.