2023 will not be remembered as a standout year for the economy, neither Colombian nor global. However, Colombia sees hope on the horizon. Despite pessimistic forecasts from political factions opposed to the reformist policies of the new government, the International Monetary Fund (IMF) has positively updated its estimates. It now predicts that the Colombian economy […]
Renault takes a bold step by investing $100 million in Colombia, announcing that its popular Kwid model will be assembled in the South American nation. As the automotive industry becomes more competitive in Latin America, automotive giants are looking at Colombia as a potential production and export hub. Renault invests in Colombia’s future Automotive giant […]
Careful Evaluation of the First 10 Years of the FTA with the United States Colombia has reached the eleventh anniversary of its Free Trade Agreement (FTA) with the United States, and the balance is the subject of intense debate. Two articles from respected sources, one from Cedetrabajo and another from Razón Pública, offer contrasting perspectives […]
The latest edition of the Common Finance Summit (FiCS) held in Cartagena, Colombia, from September 4th to 6th, provided a platform for global financial leaders to express their commitment and strategies for sustainable development in Latin America, with a special focus on Colombia. During the summit, Werner Hoyer, president of the European Investment Bank (EIB), […]
On Thursday, August 10, 2023, a historic moment was marked in the relations between Switzerland and Colombia. The President of the Swiss Confederation, Alain Berset, met with Colombian President Gustavo Petro, strengthening the close ties between the two nations and designating Colombia as a priority ally for Switzerland. A Relationship Focused on Peace, Humanitarian Aid, […]
A landmark trade mission is set to unfold as 20 Black entrepreneurs from metro Atlanta prepare to travel to Colombia next week. This initiative, announced on Tuesday, marks the first of its kind, focusing specifically on Afro-descendant business leaders and entrepreneurs. The selected individuals for the mission are members of the Atlanta Black Chambers and […]
It may seem like a conversation from the 20th century, but for several reasons, the development of railway networks in Colombia has always been quite limited. With only 3,000 km of railway built, of which only a quarter is functional and with very limited usage mainly as a tourist attraction for locals who have never […]
Colombia’s economy has shown promising signs of recovery as the country witnessed a significant improvement in its employment rate. According to the latest report by the National Administrative Department of Statistics (Dane), nearly 400,000 people secured employment in the past few months. This surge in job creation highlights the Colombian economy’s resilience and paves the […]
Colombia’s economic landscape is experiencing a significant upswing as it welcomes a surge in Foreign Direct Investment (FDI). According to recent reports from the Central Bank, June 2023 witnessed an exceptional inflow of FDI, reaching an impressive milestone in the country’s history. With an increase of $754 million compared to May 2023, the total FDI […]
In the world of finance, currency fluctuations can have a significant impact on a country’s economy. Over the past year, the Colombian Peso (COP) faced a major challenge when it surpassed the barrier of 5,100 pesos against the US dollar, causing concern in various sectors. However, in a surprising turn of events, the Colombian peso […]
