The Organization for Economic Cooperation and Development (OECD) has agreed to allow Colombia to become its third Latin American members. The accession of Colombia to the OECD, an intergovernmental economic organization…
Colombia dropped five places to number 66 in the World Economic Forum’s 2017/2018 global competitiveness ranking. The country is now considered Latin America’s fifth most competitive country falling behind Chile,…
Colombia will use $980 million in fines paid by two mobile phone operators to pre-finance budgetary needs for next year, Finance Minister Mauricio Cardenas said on Wednesday. In July, a…
Colombia’s President Juan Manuel Santos confirmed on Monday that he aims to secure an expansion of economic ties with Cuba during his visit to the Caribbean country this week. The…
Mining could become Colombia’s economic growth engine with investments of at least $1.5 billion a year over the next five years if the government guarantees legal certainty to businesses, the…
The expansion of Colombia’s economy slowed down to its lowest rate for the last seven years, with 2.0% GDP growth in 2016 according to Colombia’s National Administrative Department of Statistics (DANE).…
The World Bank projected economic growth at 2.5% for Colombia in 2017 in its semi-annual Global Economic Prospects report released last week. The projection is over double the 1.2% growth…
Colombia’s chief prosecutor slammed a tax reform on Monday, the day it took effect, claiming the new tax system fails to confront the mass tax evasion that has long undermined the country’s fiscal system. Prosecutor…
Colombia’s state-run oil company Ecopetrol will begin off-shore oil exploration in the Caribbean for the first time in its history, the government announced. The announcement of the National Hydrocarbon Agency came…