Colombia passes $9B budget for coming fiscal year
Colombia’s Congress on Wednesday passed a $9 billion budget for the fiscal year stretching from 2013 to 2014. A Wednesday press release from the Ministry of Finance Finance stated that…
Colombia’s Congress on Wednesday passed a $9 billion budget for the fiscal year stretching from 2013 to 2014. A Wednesday press release from the Ministry of Finance Finance stated that…
Colombia’s Finance Minister on Wednesday said multiple government agencies have embezzled close to $4.5 million intended for public works that have never been completed. According to Minister Mauricio Cardenas, some government…
Colombia’s finance minister on Tuesday said the country’s new tax reform restricts Colombians’ access to offshore tax havens. According to Finance Minister Mauricio Cardenas, the current administration is studying ways…
The World Bank on Wednesday announced it will loan Colombia $200 million in recognition of good fiscal management. The World Bank Board of Directors approved a loan of $200 million…
The scandal surrounding Colombia’s largest, failed brokerage firm intensified as the country’s Finance Minister on Wednesday announced a criminal investigation is underway. Colombian Finance Minister Mauricio Cardenas announced that the government…
Colombia’s competitiveness rating has declined despite a rising GDP, according to experts. A recent report from the Private Competitiveness Council (CPC), a non-profit organization that analyzes the economic challenges facing…
Colombia’s peso spiked after government officials on Tuesday announced that Bancolombia will take over bond trading of InterBolsa, Colombia’s largest, failed brokerage firm, Bloomberg news reported. News that Colombia’s largest…
Colombia’s government will not address the judicial branch while they are striking, said the finance minister on Friday. In response to judges striking Thursday and consequently halting Colombia’s justice system, Finance…
Colombians allegedly have more than $50 billion in offshore accounts thus avoiding to pay taxes, said the country’s finance minister, who warned on Tuesday that the free ride was coming…