Tag

Growth will be driven by higher commodities prices, improved household consumption, and a more balanced performance across various sectors.

The prediction is slightly below the 3.0% and 2.9% forecasts from the World Bank and IMF, respectively.

The IMF projection is in line with the 2.9% prediction issued last week by the World Bank.

The selected startups will get the opportunity to attend the World Economic Forum on Latin America in March in São Paulo.

Looking further ahead, the World Bank has forecast Colombian GDP to increase by 3.4% in both 2019 and 2020.

The company plans to use the incoming capital to scale up its tech platform, embrace machine learning, and expand in Latin America.

"Latin American economies remain vulnerable to a sharp deceleration in the Chinese economy and its knock-on effects in commodity prices," said Rui J. Pereira of Fitch Ratings.

Gran Colombia's massive lawsuit alleges that the local government failed to evict illegal miners from their sites of operations in Marmato and Segovia.

Replacing César Vallejo, the respected economist Ocampo will be one of the seven board members to vote during the next Banco de la República meeting in March.

The slow growth in 2016 marks only the second time since 2002 that the Colombian economy has expanded by less than 3.0%.