Colombia sends long-awaited tax reform bill to Congress
Colombia’s government on Wednesday presented to Congress a tax reform bill that seeks to raise billions of dollars in the coming years to make up for lost oil revenue and…
Economy
Colombia mining upset: mayors allowed to veto unwanted oil and mining projects
Following a number of scandals in which Colombia’s national authorities granted mining titles in precious nature reserves, the country’s Constitutional Court ruled that mayors have the authority to overrule Bogota. Last…
Colombia seeks to shut down Uber entirely within weeks
Colombia’s national government plans to within weeks shut down all operations of taxi service Uber that continues to operate in the country in spite of being banned over a tax and labor dispute.…
Goldman interested in financing Colombia’s Magdalena project: Govt
US investment bank Goldman Sachs has expressed interest in financing a project to make Colombia’s Magdalena River more navigable, the government said on Tuesday. Cormagdalena, the government agency supervising work…
Colombia lowers 2016 growth projection from 3% to 2.5%
Colombia lowered its expected economic growth rate for 2016 on Tuesday, a day after the country’s statistics agency announced GDP growth had dropped to a level unseen since the 2009…
Colombia economy grew 2% in Q2, showing lowest growth rate since 2009 crisis
Colombia’s gross domestic product (GDP) grew 2% in the second quarter of this year, a full percentage point less than in the same period last year and the lowest growth…
Colombia to prefinance some of 2017 spending via local debt sales
Colombia will prefinance some of its 2017 spending needs with a portion of the 8 trillion pesos ($2.8 billion) in additional domestic debt it said it would issue this year,…
Colombia boosts local bond sales by $2.8B for this year
Colombia increased the amount it will issue in domestic debt by 8 trillion pesos ($2.8 billion) to fund this year’s budget, according to a finance ministry decree published on Monday.…
EU requests WTO panel over spirits dispute with Colombia
The European Union has requested the establishment of a World Trade Organization (WTO) panel to rule on a dispute with Colombia over what Brussels says are discriminatory measures against spirits…