Colombia’s richest man is against capital controls
Colombia’s richest man and president of business consortium Aval Group’s board of directors has said that now is not the time for capital controls. Luis Carlos Sarmiento Angulo, worth $1.1…
Colombia’s richest man and president of business consortium Aval Group’s board of directors has said that now is not the time for capital controls. Luis Carlos Sarmiento Angulo, worth $1.1…
Colombian central bank chairman Jose Dario Uribe has been re-elected to the presidency of the governing board of the Center on Latin American Monetary Studies, or CEMLA, a regional association…
Colombia central bank chief Jose Dario Uribe said Monday the bank’s key interest rate remains low at 3.75%, given the economy’s “good pace” of growth, and said the bank intends…
The benchmark interest rate was raised by 25 basis points to 3.75% and growth forecast by 50 basis points to between 4% and 6% by the board of directors at…
Colombia’s central bank is widely expected to increase its benchmark interest in its monetary policy meeting slated for Friday as a new bout of torrential rains threatens to unleash inflationary…
The Colombian government may work to curb the strong peso by delaying plans to repatriate the entirety of a $1.5 billion account held abroad, Bloomberg reported Wednesday. Finance Minister Juan…
Colombia’s economy looks set to expand as much as 5.5% in 2011, overtaking the Central Bank’s original economic growth projection of 4.5% for this year, according to Central Bank President…
Colombia’s central bank purchased $1.24 billion in the first quarter of 2011, Caracol Radio reported Monday. In an effort to influence the exchange rate, Colombia’s central bank purchased $400 million in…
Colombian companies will see fewer bureaucratic impediments to receiving foreign investment, thanks to an agreement between the Colombian Central Bank and the body in charge of company oversight. The contract, signed Monday…