Colombia’s finance minister promised Congress on Tuesday he would look into the possibility of implementing a universal basic emergency income in response to the economic crisis caused by the coronavirus.…
The coronavirus pandemic triggered Colombia’s unemployment rate to skyrocket to 19.8% in April, a rate not measured since one of the country’s worst crises in history in 2000. April’s rate…
Colombia’s President Ivan Duque said Monday that he would lift sales tax for three days, claiming this would stimulate a recovery of the economy that has been devastated by the…
Colombia’s President Ivan Duque said Saturday that he doesn’t believe he’ll allow international air travel “in the short term” amid failures to contain the coronavirus. In his daily Facebook live…
The United Nations’ Economic Commission for Latin America and the Caribbean (ECLAC) supports an urgent guaranteed minimum income (GMI) as proposed in Colombia’s senate. The proposal was coined by some…
Almost half of Colombia’s senators signed off on a proposal to urgently implement a guaranteed minimum income for more than 70% of the population. The radical proposal would temporarily guarantee…
Colombia’s main airliner Avianca said Sunday it has filed for bankruptcy in the United States. With its bankruptcy, the airliner becomes the largest employer in Colombia to fall victim to…
Colombia’s President Ivan Duque issued a second state of emergency on Wednesday and announced subsidies for small businesses to continue paying wages during an ongoing shutdown. The second state of…
The International Monetary Fund (IMF) agreed to extend a $10.8 billion flexible credit line (FCL) to Colombia’s central bank to bolster its reserves while coping with the economic impact of…