Colombia’s peso has lost 20% of its value against the dollar so far this year, which is threatening the government’s budget. The most recent devaluation of Colombia’s currency made the…
The government of President Gustavo Petro seeks to boost Colombia’s agriculture sector with a significant increase in government subsidies. Finance Minister Jose Antonio Ocampo asked Congress to double public spending…
Colombia’s state-run oil company Ecopetrol said Tuesday that it would suspend its fracking operations. The company made the surprise announcement after Congress began debating a bill to ban the controversial…
Colombia’s President Gustavo Petro may declare an emergency to respond to economic woes caused by extreme weather and the coronavirus pandemic. The president suggested declaring the emergency on a visit…
The increase in Colombia’s consumer prices reached its highest level of the 21st century in August, national statistics agency DANE announced on Monday. According to DANE, inflation last month reached…
Colombia’s transport ministry suspended a $740 million project that sought to upgrade a canal that has been an engineering nightmare for more than five centuries. The suspension is the latest…
Colombia’s incoming finance minister announced changes in state-run oil company Ecopetrol after the outgoing government tried to prevent the replacement of directors. The far-right government of outgoing President Ivan Duque…
Renowned economist Jose Antonio Ocampo agreed to become the Finance Minister of Colombia’s President-elect Gustavo Petro. The president-elect announced the appointment of Ocampo on Twitter on Wednesday. The economist was…
Russia’s invasion of Ukraine is triggering an increase in poverty in Colombia and the rest of Latin America, according to the United Nations (UN). In a report, the UN’s Economic…