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The Japanese rating agency Rating and Investment Inc. (R & I) has upgraded Colombia’s long-term debt rating from BBB- to BBB with a stable outlook. R & I confirmed its confidence in the country’s economic stability in recent years, noting that Colombia recorded real GDP...

The Colombian Finance Ministry issued $700 billion pesos (roughly $280 million USD) of public debt through Colombia’s domestic financial markets last week, with yields of 5.18% increment for five year maturity, 6.492% for a ten year term, and 735% for a 15 year maturity. The...

Colombia’s Finance Minister Mauricio Cardenas said Friday from Puerto Inirida, Guainia, that the unemployment rate in Colombia dropped to 10.8% for January 2015, “in an environment of increased labor force participation by Colombian households with an increase in...

Bloomberg Philanthropies has announced the winning cities and countries selected to participate in a new phase of the foundation’s Global Road Safety Initiative, which aims to reduce fatalities and injuries from road traffic crashes. With a new commitment of $12...

Latin American oil and gas explorer GeoPark Limited announced this morning a new oil field discovery following the drilling of exploration well Tilo 1, located on the Llanos 34 Block in Casanare Department,Colombia, several hours East of Bogotá. GeoPark operates and has a 45%...

The Inter-American Development Bank (IDB) launched the 2015 Call for Proposals of the Initiative for the Promotion of Regional Public Goods in Latin America and the Caribbean (LAC), which supports projects aimed at resolving shared challenges and seizing opportunities for...

On March 3rd and 4th over 350 delegates will gather at the JW Marriot in Bogotá for the 4th annual Bonds, Loans & Derivatives Andes. The leading event in banking and finance in the Andean region, the symposium brings together public and private financial institutions,...

By leveraging specialized technology for the transportation of perishable goods, Avianca Cargo was able to transport a wide variety of flowers, along with other cargo, from Colombia and Ecuador to Miami, Los Angeles, Houston, Chicago, Indianapolis, San Juan Puerto Rico, London,...

InterContinental Hotels Group (IHG), announced the signing of a new-build, 199-room Crowne Plaza® hotel in Medellin, Colombia. The hotel will be located in Medellin’s”El Poblado” neighborhood, occupying one of two towers in the Palmanova luxury, mixed-use...

Millicom International Cellular, operating in Colombia and other Latin American markets as Tigo, reported last week strong revenue growth, up 14.9% to $6.39 billion (all figures in USD) and an EBITDA of $2.09 billion, revealing a solid operating margin of 32.8%. The resultant...