Colombia’s finance minister proposed to temporarily allow employers to hire workers for 80% of the country’s $250 monthly minimum wage, claiming this would boost economic recovery. Finance Minister Alberto Carrasquilla…
Colombia’s banks have been laying the perfect infrastructure for tax evasion, which is estimated to cost the State more than corruption. When even the Finance Minister appeared it the Panama…
Colombia’s economic recovery from the global recession caused by the coronavirus pandemic may take less time than previously anticipated, according to statistics agency DANE. With the exception of the banking…
Colombia’s banking watchdog fined one of the banks of Colombia’s richest man for the 12th time for evading money laundering prevention regulations, according to local media. The Superintendent for Finance’s…
Colombia’s government is developing a five-year plan to recover from the economic recession caused by the coronavirus pandemic. According to newspaper El Espectador, the Finance Ministry and the National Planning…
Colombia’s central bank expressed cautious optimism on Tuesday about the depth and length of the economic recession triggered by the global coronavirus pandemic. In its Monetary Policy report, the central…
The resignation of Colombia’s central bank president on Friday allowed President Ivan Duque to strip it of its independence and appoint his controversial finance minister. If Duque decides to grant…
The International Monetary Fund (IMF) lowered Colombia’s growth projection as the country’s government can’t seem to formulate a coherent response to the coronavirus pandemic. President Ivan Duque can’t seem to…
Unemployment in Colombia is recovering only slightly from the historic economic collapse between March and April when the COVID-19 pandemic left 5 million people without a job, according to statistics…