March 10, 2023 This story begins sometime in January 2024. A Boeing 737-300F from the city of Leticia, deep in the Colombian Amazon, lands on runway 13 left at El…
Category: COLOMBIA
Colombia will Host the World’s Summit of Development Banks in 2023
February 17, 2023 Bancóldex, Colombia’s business development bank, will host, together with the Inter-American Development Bank (IDB), and the Latin American Association of Financial Institutions for Development (ALIDE), the fourth…
Colombia: Staff Concluding Statement of the 2023 Article IV Mission
February 14, 2023 The new administration took office in August 2022, with social equity and climate at the center of its agenda. Against a backdrop of high inflation and elevated…
Colombia’s Largest Business Matchmaking Forum Seeks to Strengthen Trade Relations with the United States
February 7, 2023 On March 22nd and 23rd, the Ministry of Trade, Industry, and Tourism, along with ProColombia, the agency in charge of promoting Colombian exports internationally, will host the…
Colombia Promotes More Efficient and Sustainable Energy in Caribbean Region with IDB Support
January 24, 2023 The Inter-American Development Bank (IDB) approved a $34.5 million loan to finance an energy efficiency program for the residential and public sector in the Caribbean coast area…
IDB Invest, Bancolombia Announce the Region’s First Sustainability-Linked Bond Issued by a Bank
October 28, 2022 Funds will help more than 1.5 million low-income unbanked people and help reduce CO2 emissions IDB Invest and Bancolombia announced the first sustainability-linked bond, or SLB, issued…
COLOMBIA: Joint IMF-RFAs Press Release on the 7th High-level RFA Dialogue
October 14, 2022 The seventh High-level Regional Financing Arrangements (RFAs) Dialogue was held on 12 October 2022 in Washington DC amidst a highly uncertain global outlook and slowing growth. The…
Drilling of ultra-deep-water Gorgon-2 well confirms the extension of the gas province in the Colombian Caribbean
August 19, 2022 Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announces that the Gorgon-2 well proved the presence of gas in ultra-deep waters in the southern Colombian Caribbean, confirming the importance of this…
Colombia: Financial Sector Assessment Program-Technical Note on Risk Analysis
June 7, 2022 The Financial Sector Assessment Program (FSAP) risk analysis work was conducted in the aftermath of the initial COVID shock and subsequent lockdowns, and while a strong economic…
Bogota climbed 22 places in the Global Financial Centres Index
May 31, 2022 The most recent edition of the Global Financial Centers Index, considered one of the main references for decision makers in public policies and investors, highlights Bogota as one of…
Colombia: Financial Sector Assessment Program–Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision
May 13, 2022 There have been significant improvements to the legal framework and the supervisory process since the last Basel Core Principles (BCP) review; some additional recommended enhancements are highlighted…
Colombia:Request for an Arrangement under the Flexible Credit Line and Cancellation of the Current Arrangement – Press Release; Staff Report; and Statement by the Executive Director for Colombia
May 3, 2022 Colombia’s very strong policy frameworks and comprehensive policy response to the pandemic have supported the economy’s resilience. With stronger-than-expected growth last year, fiscal deficits and public debt…