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development

Home / Posts tagged: development

Understanding the Multi-Billion Dollar Plan Between Colombia and the United Kingdom for Energy Transition

On April 23, 2024, Colombia and the United Kingdom signed a strategic agreement known as the Energy Transition Action Plan (ETAP). This pact aims to promote the development of renewable energy sources and facilitate a sustainable energy transition in Colombia. The collaboration brings together a diversity of low-carbon technologies and projects aimed at reducing dependence […]

  • Mario Pinzón
    Mario Pinzón
  • 7 May, 2024

Foreign Investment in Non-Extractive Industries in Colombia Experienced a 57.2% Increase in 2023

One of the main promises of President Gustavo Petro, is to design policies directed at attracting investments in other productive activities, not related to the extractive industry, like oil and mining. So it’s no accident to see, the tendency registered after one year of government is promising, where some Colombian industries evidenced a notable advance […]

  • Mario Pinzón
    Mario Pinzón
  • 27 March, 2024

Can Colombia Offer an Alternative to the Panama Canal?

Recent reports from respected global media outlets, such as The New York Times, indicate that the Panama Canal is experiencing a drought that has significantly impacted transoceanic trade. This situation has prompted the Colombian government, led by President Gustavo Petro, to reconsider an idea proposed several years ago by engineers: the creation of a "bypass" [...]

  • Mario Pinzón
    Mario Pinzón
  • 29 January, 2024

Colombia Moves Away from the Possibility of Recession

At the beginning of 2023, global and regional economic forecasts were quite bleak, especially for Colombia, which had just elected its first progressive left-wing government. However, recent figures from DANE indicate that Colombia managed to navigate through 2023, keeping the economy running during the first full year of the new government. Colombia's economic growth in [...]

  • Mario Pinzón
    Mario Pinzón
  • 19 January, 2024

Is There Hope for Colombia?

It was a crazy year the 2023. Globally, we’re witnessing a pole shift. Regionally, major changes are happening every few months. And in Colombia, the uncertainty is almost palpable. After fifteen months of the new progressive government, a lot of things are being said about the future of the country. Media and traditional powers are […]

  • Mario Pinzón
    Mario Pinzón
  • 20 December, 2023

Colombia and the European Union Announce a Binding Strategic Alliance

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 […]

  • Mario Pinzón
    Mario Pinzón
  • 8 December, 2023

Fitch Maintains Colombia’s Rating with Stable Outlook

Fitch Ratings has reaffirmed Colombia’s long-term foreign currency debt rating at ‘BB+’, with a stable outlook. This announcement, made on December 7, 2023, reflects the strength of Colombia’s credit fundamentals, characterized by a history of macroeconomic and financial stability. Despite ongoing fiscal challenges and dependence on commodities, Colombia maintains an environment conducive to investment. The […]

  • Mario Pinzón
    Mario Pinzón
  • 8 December, 2023

Colombian Billionaires Sit Down to Chat with Left Wing President

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 […]

  • Mario Pinzón
    Mario Pinzón
  • 24 November, 2023

Colombian Economy to Grow More than Expected According to the IMF

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 […]

  • Mario Pinzón
    Mario Pinzón
  • 11 October, 2023

European Investment Bank Reaffirms Its Commitment to Investing in Colombia

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), […]

  • Mario Pinzón
    Mario Pinzón
  • 7 September, 2023

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