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 […]
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 […]
The proposal to restructure the global financial system by exchanging foreign debt for climate action is gaining traction among key players. Colombian President Gustavo Petro’s idea has caught the attention of the European Union (EU), International Monetary Fund (IMF), and the United States, with a willingness to explore and discuss its potential. This blog post […]
Back in the 2022 presidential campaign, numerous rumors flooded the media, suggesting that Colombia was on the verge of being taken over by socialism, Marxism, and the so-called Castro-Chavismo if the leftist and progressive candidate Gustavo Petro won. However, today, 11 months after taking office, the reality is quite different. We can now confidently state [...]
The French government has decided to finance a portion of Colombia’s agrarian reform through donations, endorsing the Peace Total policy. During a recent bilateral meeting, President Gustavo Petro highlighted the commitment expressed by his counterpart, Emmanuel Macron, in Paris, France. President Petro stated that France will contribute to the agrarian reform through donations as the […]
In the past two years, Swedish companies have shown a growing interest in Colombia as an investment destination. About 100 Swedish companies have established a presence in the country across various sectors ranging from fashion to vehicles. Notably, these companies have invested a total of $1.7 billion, approximately 10% of the foreign direct investment received […]
