Economy

Colombia’s foreign direct investment could fall to between $5 billion and $6 billion this year from more than $10 billion last year due to the global crisis, the central bank…

Colombian Congressmen are considering lowering their own wages and that of the President and his Ministers to cut in government expenses. The measure would be one of many that are…

Colombia’s banks are keeping half of their 2008 profits in their pocket, because of the current financial crisis. 1.7 trillion pesos (US$661 billion) will not be distributed to shareholders. The…

Colombia’s transport sector threatens to go on strike if the Government does not lower the price of fuel, Noticias Caracol reported Sunday. Unions of both public transport and the logistics…

The Colombian government increased its 2009 budget by 2.5 trillion Colombian pesos ($1.04 billion), a higher deficit as a result of lower tax collection amid the the economic slowdown, the…

The Colombian peso weakened Tuesday as market participants bought dollars anticipating market volatility ahead of first-quarter earnings for U.S. companies. The peso weakened to end at 2,420.20 to the dollar…

Colombian exports tumbled 13.2 percent in January to $2.46 billion versus the same month last year, the government said on Monday. The country’s trade deficit was $166 million for the…

Colombian inflation eased to 0.50 percent in March versus 0.81 percent in the same month last year, the government said on Saturday, showing the effect the slowing economy is having…

The Colombian central bank board voted unanimously to cut rates by 100 basis points to 7% at its March 20 monetary meeting as economic activity weakened at a faster-than-expected pace…