The National Administrative Department of Statistics (DANE) has presented its report on Monetary Poverty in Colombia during 2023, revealing significant progress in reducing poverty in the country. Below, we break down the main results and figures showing how more than 1.6 million people have managed to escape monetary poverty in the past year. General Reduction […]
In Colombia, the term “Drop-by-Drop” (Gota-a-Gota) is omnipresent and carries a dark connotation. This illegal industry of informal credits, often resorted to by the poorest, is regulated through violence and has become one of the business axes of mafias in all regions of the country. In contrast, the Grameen Bank, known as the bank for […]
In a historic event for bilateral relations, Colombia and the European Union have announced the start of negotiations for the signing of a Collaboration and Cooperation Agreement. This bilateral political agreement promotes diplomatic relations to the level of a Strategic Alliance, marking a milestone in Colombian foreign policy. This process demonstrates the recognition of the […]
One of the phrases that President Petro has repeated on several occasions is that “in Colombia, the government is not the same as power.” Power is held by a small group of companies and corporations for several decades now. And that small group of people who concentrate power and wealth in Colombia have last names […]
On October 18th, a landmark decision was made by the Biden administration: a temporary relief from sanctions on Venezuela’s oil, gold, and gas sectors. This decision, which will last at least six months, was a response to an agreement on Venezuela’s 2024 presidential elections, where the Venezuelan government and opposition reached consensus to include international […]
When reflecting on the prolonged internal conflict in Colombia, many tend to think that drug trafficking is at the core of the issue. However, the most significant reason lies even deeper and is rooted in Colombian history: land ownership. Colombia, like other Latin American countries, has practically functioned as a feudal system. This situation has […]
Despite the political and social challenges it has faced, Colombia stands out as one of the most attractive tourist destinations in Latin America. According to a recent study by OBS Business School, Colombia is among the three countries in the region that have experienced a significant increase in international tourism following the pandemic. Although the […]
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 […]
On July 31, 2023, President Gustavo Petro signed a decree declaring free access to all undergraduate programs in public universities in Colombia. This Law 2307 will need to be regulated by the Ministry of Education within a maximum period of six months and will be implemented progressively, taking into account the annual budget availability. The […]
