Establishment candidate in Colombia’s elections linked to mafia
Far-right group goes from opposing communism to opposing...
ELN declares unilateral ceasefire ahead of Colombia’s elections
Colombia’s opposition dismisses US claim of ‘Russian threat’
Colombia’s drug policy a ‘failure’ that obstructed peace:...
Medellin government rejects ‘illegitimate’ interim mayor
Electoral violence in Colombia doubled since 2018
Colombia legalizes assisted suicide in historic ruling
Why Colombia’s upcoming elections could trigger a crisis
Colombia’s inspector general suspends mayors on election meddling...
  • About
  • Support
  • Newsletter
  • Contact
Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
Economy

Opposition wants government to compensate Venezuela export losses

by Kirsten Begg November 23, 2009

partido liberal, colombia news, government

The Colombian opposition Liberal Party proposed that the government bail out Colombians affected financially by the ongoing tensions with neighboring country Venezuela.

Colombians exporters are owed money by Venezuelan investors and in the face of the diplomatic crisis between the two nations, there are fears that many who trade with Venezuela may go bankrupt.

Trade between the two countries dropped 57% in October following the crisis.

The Opposition, Partido Liberal, suggested that the government pay off the Venezuelan debts to Colombians who are out of pocket, in a bid to avoid economic crisis, El Espectador reported Monday.

The Oppostion’s other proposal is to allow Venezuelans to open savings accounts in Colombia to ensure the continued flow of capital between the two countries.

Relations between the neighboring countries deteriorated after Colombia signed an agreement with the U.S., which grants the north american nation access to seven Colombian military bases.

Venezuela accuses the U.S. of seeking to destabilize its leftist government through the pact and has frozen all diplomatic ties with Colombia.

crisiseconomymilitaryUnited StatesUS military basesVenezuela

Trending

  • Why Colombia’s upcoming elections could trigger a crisis

  • Colombia’s inspector general suspends mayors on election meddling charges

  • Medellin government rejects ‘illegitimate’ interim mayor

Related articles

  • Colombia’s opposition dismisses US claim of ‘Russian threat’

  • Colombia extradites legendary warlord “Otoniel” to US

  • Colombia’s conflict victims frustrate Otoniel’s extradition to US

  • RSS

@2008-2019 - Colombia Reports. All Rights Reserved.
Powered by Digitale Zaken and Parrolabs


Back To Top