Economy

Only if Colombia is able to continue to grow like it did last year for a period of 25 years, by the year 2038 it will be considered a middle-income…

The Colombian government will auction about 100 small areas, some of which had been handed over by companies back to the government, Zamora said. Interested companies have until the end…

Banco de la Republica will buy the U.S. dollar through competitive auctions, the bank said in a statement late June 20. The purchases replace the $150 million in dollar put…

Clímaco Berrío, coffee grower in Salento, Quíndo, hardly makes enough money to feed his wife and three children. According to him the situation isn’t of the past week, but has…

The money will go to agriculture, tourism, industry and commerce through the responsible Ministries. Companies who want compensation for financial losses will have to refrain from firing employees.The peso has…

Colombian exporters of flowers, coffee and textile makers are demanding the government help them as they find their products more expensive than their competitors’ goods in the international market.

Rising prices of oil and other basic goods such as wheat are feeding into expectations the central bank will raise rates this week,” Alvaro Camaro, chief analyst at Stanford Financial…

Luis Carlos Villegas, president of the National Association of Businessmen, said the central bank should not keep increasing its benchmark rate, now at 9.75 percent, because the causes of an…

  The announcement was made Saturday after several sectors had asked the government to declare an economic emergency to fight the consequences of the expensive peso. Last Friday the peso…