Economy

Colombia’s Finance Ministry has lowered the economic growth expectations for 2009 to three and a half percent, two days after the National Bank lowered the growth forecast to four percent.…

Colombian central bank chief Jose Dario Uribe reduced his estimate for economic growth next year to 4 percent from a previous projection of 5 percent because of turmoil from the…

The Colombian benchmark index Friday plunged 8.7%, its steepest decline since June 2006, following losses on Wall Street.  The IGBC stock index fell 8.7% to 7,502.73 points, the biggest one-day…

Colombian stocks plummeted, following serious drops in Europe and Asia. The IGBC index fell 5.7 percent, together with other Latin American markets. Brazil’s main stock index plummeted more than 10…

Colombian exporters of coffee, cut flowers and textiles say Wall Street’s financial crisis has not affected them yet, but they fear shrinking demand in the United States, their biggest market. They…

Colombia’s peso rose, snapping a three-day slide, as demand for higher-yielding assets rose after central banks around the world lowered interest rates and pumped money into markets in a bid…

While stock markets plunge around the world, Colombia’s commodities market and others are showing significant growth as investors seek refuge in traditional products. Despite the nearly 19 percent drop in…

Colombia on Wednesday lifted foreign capital restrictions on local bonds and sought to speed up financing for the next three years to defend its economy as world markets get battered…

Colombian President Álvaro Uribe said on Wednesday his government was looking to secure financing for 2009, 2010 and 2011 with help of the IMF and the World Bank as emerging…