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"We cannot remain bystanders to this human tragedy,” said Christos Stylianides of the European Union.

The funds will go to support medical care, food programs, and improvements to the registration system to track the assistance needed by Venezuelans in Colombia.

The group says that 2018 will be “a year that will likely prove decisive for the region."

"This constituent assembly has an illegitimate origin, and because of that, we cannot recognize its result," said Santos.

Avianca's top executive called it a “difficult decision” to suspend flights for first time in 60 years while citing safety concerns and operational difficulties.

"The next administrations in both Chile and Colombia will face challenges to achieving fiscal consolidation," said Fitch.

Colombia's peace process and the crisis in Venezuela will be on the agenda for President Santos' first visit with President Trump.

The IMF is predicting 2.3% GDP growth for Colombia in 2017, a decrease from the 2.7% expansion the institution had forecasted in October.

The new flight will depart Bogotá's El Dorado International Airport at 4:29 am every Monday, Wednesday, Friday, and Saturday.

The prolonged shutdown has cost Colombia some 893,000 barrels of production, according to Ecopetrol.