In April 2024, the Colombian economy registered a notable growth of 5.5%, according to the recent report from the National Administrative Department of Statistics (Dane). This increase is mainly attributed to the dynamism of the agricultural and mining sectors. After two years of uncertainty caused by the ambitious reindustrialization and decarbonization plan defined in the [...]
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 […]
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 […]
Dubai-based airline Emirates has announced its intention to launch flights to Bogotá, Colombia, via Miami starting in June 2024. This announcement marks a significant moment in Colombian aviation as the Civil Aviation Authority of Colombia (Aerocivil) is expected to initiate an approval process for this new route. Emirates’ proposal to operate the route with Boeing […]
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" [...]
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 [...]
It is difficult to even imagine a complete cultural change in Colombia, let alone believe that someday there will be a total cultural change in Colombia, magically turning us into a tolerant, rational country capable of collective compassion, which would benefit us greatly. However, if this much-needed cultural change is to begin in any way, […]
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 […]
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 […]
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 […]
