Colombia’s Avianca goes bankrupt
Colombia’s main airliner Avianca said Sunday it has filed for bankruptcy in the United States. With its bankruptcy, the airliner becomes the largest employer in Colombia to fall victim to…
Colombia’s main airliner Avianca said Sunday it has filed for bankruptcy in the United States. With its bankruptcy, the airliner becomes the largest employer in Colombia to fall victim to…
Colombia’s President Ivan Duque issued a second state of emergency on Wednesday and announced subsidies for small businesses to continue paying wages during an ongoing shutdown. The second state of…
The International Monetary Fund (IMF) agreed to extend a $10.8 billion flexible credit line (FCL) to Colombia’s central bank to bolster its reserves while coping with the economic impact of…
President Ivan Duque is planning a second push to restart Colombia’s economy, this time allowing the reactivation of normal economic activity in regions where the virus hasn’t spread. A first…
Colombia’s construction and manufacturing sectors restarted some activity on Monday amid fierce resistance from the opposition, which claimed this meant “sending workers to the slaugherhouse.” The plan of President Ivan…
Think tank Fedesarollo on Wednesday projected that Colombia’s economy would contract between 2.7% and 7.9%, the worst slump in recorded history, this year. The think tank was even more pessimistic…
Colombia’s health minister confirmed on Thursday that the government plans to lift quarantine measures for “certain sectors of the economy” while maintaining a general lockdown. In a virtual session with…
Colombia’s notoriously optimistic finance minister said Sunday that his country is facing “the worst year in the economic history of the country.” In an interview with newspaper El Espectador, Finance…
Colombia’s Finance Minister Alberto Carrasquilla said Tuesday he had requested the International Monetary Fund (IMF) to extend a $11 billion loan to confront the coronavirus pandemic. The announcement came days…