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Economy

How the booming dollar is affecting Colombia
Dec 13, 2014 Ξ Comments

How the booming dollar is affecting Colombia

posted by Robin Llewellyn

Colombia’s currency is tumbling against the value of the dollar, descending to over 2,400 pesos on Friday. While all oil exporting countries have been hit by falling oil prices, the peso has  Full Article »

Economy

IMF praises Colombia’s latest tax reform proposals
Dec 9, 2014 Ξ Comments are off

IMF praises Colombia’s latest tax reform proposals

posted by Juan Pablo Acevedo

A recently proposed tax reform in Colombia that includes a controversial wealth tax received approval by the International Monetary Fund.

Economy

Colombia lowers 2015 growth expectations over low oil prices
Dec 8, 2014 Ξ Comments

Colombia lowers 2015 growth expectations over low oil prices

posted by David Wing

Colombia lowered its GDP growth goal for 2015 due to recent declines in oil prices and anticipated lack of foreign investment.

Economy

10% of Colombia families live in absolute poverty
Dec 5, 2014 Ξ Comments are off

10% of Colombia families live in absolute poverty

posted by David Wing

A recent study shows that 10% of Colombian families live on less than $1.25 per day.

Economy

Colombia’s foreign investment to decrease further in 2015
Dec 5, 2014 Ξ Comments

Colombia’s foreign investment to decrease further in 2015

posted by Juan Pablo Acevedo

A boom in foreign direct investment (FDI) between 2010 and 2013 has come to an end as the government announces an expected drop in foreign investment for both 2014 and 2015.

Economy

Santos signs Colombia’s underfunded 2015 fiscal budget
Dec 3, 2014 Ξ Comments

Santos signs Colombia’s underfunded 2015 fiscal budget

posted by Juan Pablo Acevedo

President Juan Manuel Santos signed off on the 2015’s fiscal budget for Colombia which funding relies on the approval of a controversial tax reform.

Economy

Colombia finance minister calls for calm as dropping oil prices generate budget gap
Dec 2, 2014 Ξ Comments

Colombia finance minister calls for calm as dropping oil prices generate budget gap

posted by Craig Corbett

Colombia’s 2015 government budget was made assuming oil prices would not fall below $98 per barrel. However, with the oil price sitting at around $66 per barrel, the government is left with a huge  Full Article »

Economy

Panama says Colombia’s textile tariffs violate trade regulations
Dec 1, 2014 Ξ Comments are off

Panama says Colombia’s textile tariffs violate trade regulations

posted by David Wing

Panama will seek arbitration in a dispute with Colombia over textile tariffs which Panama City says violate WTO trade regulations.

Economy

Colombia oil companies hit by OPEC decision to maintain production
Dec 1, 2014 Ξ Comments are off

Colombia oil companies hit by OPEC decision to maintain production

posted by Joel Gillin

Following OPEC’s decision to maintain oil production at 30 million barrels per day (BPD), stock prices of oil companies operating in Colombia dropped.

Economy

Colombia wealth tax only temporary, govt proposes in response to employers’ concerns
Nov 27, 2014 Ξ Comments

Colombia wealth tax only temporary, govt proposes in response to employers’ concerns

posted by David Wing

The Colombian government has made concessions to concerned business leaders over a controversial new wealth tax, stressing the tax is only temporary, business association ANDI said Wednesday.

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