Economy

Industrial production rose 1.35 percent compared with 15.26 percent in the 2007 first quarter, the government said. In March industrial output fell 9.43 percent from the same month a year…

The bank’s goal this year was to prevent inflation would go lower than 3.5% or higher than 4.5 percent, but admits inflation is most likely to be 4.9%.

U.S. Congressional Democrats have blocked passage of the pact, saying that conservative President Álvaro Uribe has not done enough to crack down on right-wing militias that have killed hundreds of…

“The objective is to take advantage of the current exchange rate,” Zuluaga said in his announcement as the peso explores nine-year highs. Colombian international debt spreads tightened after the announcement…

In the second month of 2008 the number of people with a job reached 18,5 million, which is over half a million more than a year ago. Colombia now counts…

Economic authorities of Colombia say that even the recession in the United States won’t stop the strengthening of the Colombian economy.The government has calculated a five percent growth of Colombia’s…

The National Administrative Statistics Department (DANE) of Colombia said in a report that the economic growth last year recorded the nation’s highest in the past three decades thanks to construction…

Colombia’s central bank raised the key lending rate a quarter percentage point to 9.75 percent on February 22, luring capital to the fixed-income market, in an effort to stem inflation.…

“Any doubts about the bank’s inflation-fighting intentions have been laid to rest today,” said economist Alberto Ramos at Goldman Sachs Group to Bloomberg: “The board was divided and they didn’t…