Avianca said Monday that only government credit could save Colombia’s largest airliner, days after the company told US authorities it may not survive the coronavirus pandemic. In a YouTube video,…
President Ivan Duque’s backwards response to the coronavirus could destroy not just Colombia’s economy, but disintegrate society. If you thought Uber was “disruptive,” please have a look at the history…
Think tank Fedesarollo on Wednesday projected that Colombia’s economy would contract between 2.7% and 7.9%, the worst slump in recorded history, this year. The think tank was even more pessimistic…
President Ivan Duque and the opposition fiercely criticized Colombia’s banks over their alleged lack of cooperation to help the country through the coronavirus pandemic. Both the central bank and the…
Colombia’s notoriously optimistic finance minister said Sunday that his country is facing “the worst year in the economic history of the country.” In an interview with newspaper El Espectador, Finance…
Colombia’s small and medium-sized businesses rejected President Ivan Duque’s economic rescue plan after finding out the president offered credits, not subsidies. Duque said Friday that “the nation assumes the financing”…
Colombia’s government will assume personnel costs of all micro, small and medium-sided businesses during the height of the coronavirus pandemic to prevent mass layoffs and bankruptcies . In a television…
Colombian President Juan Manuel Santos had harsh criticisms for E.U. policy to fight the economic crisis, while announcing extensive military cooperation with Turkey, Colombian media reported on Friday. The president,…
Colombia’s economy was kept afloat in 2009 by government spending, although any further fiscal stimulus could be restricted by the need to rein in borrowing, Finance Minister Oscar Zuluaga said…