Colombia’s financial sector has resisted lowering mortgage rates in accordance with the central bank interest rate cut to 3.25%, the bank’s most recent cut in March. “The central bank has developed…
Colombia approved increasing its foreign debt by $10 billion on Thursday after congress members shared strong cross-party support for the proposed economic measure. The new law raises the country’s debt…
Colombia’s half-point interest rate reduction in March may be the last, said finance minister Mauricio Cardenas Monday. According to Cardenas the country, which now has the lowest rates in Latin…
Colombia’s handling of the global financial crisis has been praised by regional neighbors at the annual Inter-American Development Bank (IADB) forum in Panama City on Sunday. “Colombia has a record of…
Representatives from the Colombian government on Wednesday sat down with 32 representatives of the coffee growers to try and broker a deal to end the 10-day strike. Leading the government…
Colombia’s president Juan Manuel Santos on Wednesday called an emergency cabinet meeting to come up with a “rapid solution” to the country’s ongoing coffee growers strike which the government said…
Colombian finance minister Mauricio Cardenas on Monday announced the appointment of Goldman Sachs’ Michel Janna as Director of Public Credit. Janna, who was Goldman’s head of sovereign risk for the…
Colombia’s rapid rate of oil production led to an extremely lucrative 2012, but the country’s oil reserves can reportedly only sustain this pace for eight more years. In 2012,…
Colombia has reduced its foreign borrowing plan by $1 billion in a bid to tame its currency, announced the Ministry of Finance Wednesday. Finance Minister Mauricio Cardenas told reporters he…