Colombia’s peso bounces back; US dollar again below COP2800
The Colombian peso bounced back from a year-long devaluation this week, putting the US dollar below the COP2,800 bar.
The Colombian peso bounced back from a year-long devaluation this week, putting the US dollar below the COP2,800 bar.
Colombia’s sugar companies have been ordered $113 million in fines for conspiring to block imports of the product from Bolivia, Guatemala, El Salvador and Costa Rica.
After years of steady decrease, Colombia’s unemployment rate increased again in August amid an economic slow-down caused by a global drop in commodity prices.
Colombia’s Mauricio Cardenas has been voted 2015’s best Finance Minister by economics magazine Euromoney for his “fiscal credibility and investment plans.”
Colombia offered a generous premium Monday to lure investors into a US$1.5 billion 10-year-long bond deal amid worries about the price of oil, its main export.
Of all four Pacific Alliance countries, Colombia spends most on its congressional representatives, despite the South American country’s low wages.
Violence in Colombia has cost the country approximately $113.7 billion, according to the Global Peace Index released by the Institute for Economics and Peace.
Colombian President Juan Manuel Santos has been introducing elements of another large stimulus program to curb a slowing economic growth and high unemployment.
China’s prime minister made his first visit to Colombia on Thursday to strengthen existing trade relationships between the two countries.