Colombia reshuffles crude exports to weather low prices: Sources
Colombia, Latin America’s No. 4 oil producer, is changing the slate of crudes it exports in a bid to offset the falling prices that are crimping the revenues of its…
Colombia, Latin America’s No. 4 oil producer, is changing the slate of crudes it exports in a bid to offset the falling prices that are crimping the revenues of its…
Colombia’s Central Bank believes inflation in the country will be 4.5% this year, a consumer price growth increase significantly higher than its initial projection of 3%.
Colombia’s peso on Thursday dropped further against the dollar, which is now selling at more than COP2,900 due to falling oil prices.
Colombia’s industry leaders are calling upon the government to provide stronger protection measures to prevent Colombian companies from dumping products abroad, harming their competitors.
Colombia’s government hopes that “intelligent” austerity measures proposed for 2016 will curb an ongoing economic slowdown and push GDP growth to 4.5% in 2018.
Colombia’s peso fell to its weakest level since December 2003 on Thursday as the US dollar broke through the COP2800 mark.
The Pacific Alliance, a trade deal between Colombia, Mexico, Chile and Peru on Monday came into force, eliminating most trade tariffs and allowing easier migration between the partner countries.
The US dollar opened trading at more than 2,723 Colombian pesos on Friday, a level not seen since 2004. According to experts, the dollar could appreciate even further and exceed a…
Colombia’s finance ministry has submitted its 2016 budget which includes steep cuts in investment, reflecting decreasing government revenue.