Credit rating firm Standard & Poor’s has lowered Colombia’s credit-rating outlook from stable to negative, citing the country’s deteriorating growth prospects and need of fiscal reform as reasons.
Colombia’s coal output in 2015 fell 3.5 percent from a year ago to 85.5 million tonnes, due to train transport restrictions and closures along the border with Venezuela.
Colombia’s peso took a nosedive against the US dollar on Monday. One dollar is now worth more than COP3,450, almost double the value it was a year and a half…
Colombia’s finance minister said Wednesday that a series of errors caused a project to expand and modernize the Refinery of Cartagena, or Reficar, to run $4 billion over the budgeted…
Instead of increasing, trade between the United States and Colombia dropped 19% following the implementation of a controversial free trade agreement between the two countries, the US confirmed.
International economic cooperation organization OECD slammed Colombia, an aspiring member, for its failing education system.
High January inflation figures may lead policymakers on Colombia’s central bank board to increase the benchmark interest rate more sharply than previously anticipated, analysts said on Monday, as the board…
Colombia’s 2015 exports plummeted 34.9% compared to the year before. The drop is partly due to a steep drop in the price of oil, Colombia’s main export product.
The Colombian government’s delay in submitting a crucial tax reform to tackle a plunge in oil revenue and a tricky overseas scenario could prompt a cut in its credit rating…