Colombia

Colombian government initiates significant changes in the central bank

9 months ago

Colombia is set to undergo major changes in the management structure of its central bank as part of the new government's strategic plan. President Gustavo Petro aims to move away from outdated approaches that he believes are failing to address the current economic development challenges in the country.

Colombia on the Brink of Losing Investor Confidence Due to Fiscal Instability

9 months ago

Recently, Colombia has been facing a serious threat to investor confidence, linked to new fiscal conditions that may hinder sustainable economic development. Key issues have arisen around new tax regulations that analysts believe have numerous "green" loopholes, which can weaken control and transparency in managing environmental resources. These loopholes are causing confusion for both foreign and local companies wanting to make eco-friendly investments.

New Tax Initiatives in Colombia: Government Proposes Increased Taxes for Wealthy Citizens

9 months ago

As part of a new economic plan presented by the Colombian government, Finance Minister Jose Antonio Ocampo has proposed a series of measures aimed at increasing tax revenues from wealthy individuals and companies operating in the hydrocarbons sector. These steps are intended to make the country’s economy more resilient to external economic shocks and to ensure funding for social programs.

Mexican Fintech to Invest $100 Million in Colombia's Unbanked Sector

9 months ago

A Mexican fintech company, renowned for its innovative solutions, has announced plans to invest $100 million in expanding its presence in the Colombian market. This initiative aims to address the funding issues faced by populations without access to traditional banking services.

New Investment Package for Colombia: Agreement with Local Banks

9 months ago

Colombian President Gustavo Petro has reached an agreement with local banks, representing an important step in the implementation of his ambitious investment project. This agreement, which replaces a previously proposed investment bill, aims to foster greater economic growth and improve financial stability in the country.