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It is Black Friday and Colombians are doing what they do best.....consuming!!

Colombia’s gold reserves remain underused; no president from Uribe to Petro has maximized this asset to pay down national debt.

The US may offer limited aid in Colombia’s drug war, but local soldiers, civilians, and rights workers face daily violence from armed gangs.

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

Colombia’s consumer-driven economy saw retail sales jump 13.2%, driven by vehicles (+29.8%), IT (+56.6%), and food (+6%).

Colombia plans a tax hike to raise revenue, but critics warn of a fiscal cliff in 2026 and question lavish spending abroad.

Colombia paradoxically boasts many female executives despite high female unemployment, showcasing talented role models in leadership positions.

The economic committees of both Chambers of the Congress of Colombia voted against the tax reform bill presented by the government of President Gustavo Petro.

According to article 241 of the Tax Statute, the tax rate of the year 2022, went from 0 to 10% by 2023 from 0 to 39%

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.