Weak peso inflates Colombia’s external debt to 1/3rd of GDP
Due to a weak peso and falling oil revenue, Colombia’s external debt has grown to more than one...
Tag: debt
Colombians most indebted in Latin America: Study
Some 65% of Colombian households claim that one or more of their family members are in debt, the...
Colombia’s external debt rises 15.6% in first half of 2014
The external debt burden on Colombia rose 15.6% in the first half of 2014 compared to the same...
Colombia’s Moody’s credit rating rises to highest in its history, on par with Brazil
International credit ratings agency’s Moody’s has rated Colombia’s government...
Colombia govt. looking to issue 100-year bonds to finance debt: minister
The Colombian government is looking to issue bonds with a 100-year duration, capitalizing on...
Colombia’s government to issue more bonds to finance increasing deficit in 2014
Colombia’s government to issue more bonds to fund a higher-than-predicted fiscal deficit in...
Colombia’s external debt reaches $90B
Colombia’s central bank announced on Monday that as of October last year the nation’s...
Telefonica to sell shares of Colombia telecoms holdings
Spanish telecommunications operator Telefonica plans to sell off its Colombia stakes to finance its debt, reported the Financial Times on Wednesday. Telefonica currently controls 70% of the Colombian telecommunications company,...
Colombia lifts debt limit by $10B
Colombia approved increasing its foreign debt by $10 billion on Thursday after congress members shared strong cross-party support for the proposed economic measure. The new law raises the country’s debt ceiling to $44...
Millonarios wrapped up in InterBolsa scandal
It has emerged that Colombian soccer champions Millonarios will be forced to pay off a $2.2million debt to a company connected with scandalized brokerage firm InterBolsa. The money is owed to Securities Incorporated, a...
Colombia’s debt reached $71B in August 2011
Colombia’s external debt reached $71 billion in August, equivalent to 21% of the GDP. The external debt of the South American nation now stands at $71.875 billion, which represents an increase of $10.6 billion compared to...
Colombia’s foreign debt reaches $71.8B
Colombia’s foreign debt stands at $71.89 billion, which represents 21.8% of the country’s GDP, financial publication Portafolio reported Tuesday. This figure from Colombia’s central bank is correct for July...
