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…
Category: COLOMBIA
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…
Colombia: 2022 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Colombia
April 5, 2022 Colombia’s economy rebounded strongly in 2021 with 10.6 percent growth led by pent-up domestic demand, notably private consumption. Around 66 percent of the population is fully vaccinated…
Colombia: Financial System Stability Assessment
April 5, 2022 The pandemic led to Colombia’s largest recession on record, but the economy bounced back strongly in 2021. The banking system has so far weathered the shock well,…
IMF Executive Board Concludes 2022 Article IV Consultation with Colombia
March 29, 2022 The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Colombia [2] on March 25, 2022. This also included a discussion of the findings of…
GEB improving the supply of reliable affordable electricity to Colombian consumers.
March 15, 2022 Grupo Energía Bogotá (GEB) is improving the supply of reliable, affordable electricity to Colombian consumers by using SmartValve™ technology in the Caribbean region of their network. This marks the second…
Colombia: Staff Concluding Statement of the 2022 Article IV Mission
February 18, 2022 Among the fastest recoveries in the region, Colombia’s economy rebounded strongly, driven by private consumption, in 2021. With progress on vaccinations and continued reopening of the economy,…