Petro

Colombian government initiates significant changes in the central bank

2 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 President Gustavo Petro aims to move away from outdated approaches that he believes are failing to address the current economic development challenges in the country.

Lula's Green Fuel Law: Farmers Get the Favor over Oil Giant Petrobras

3 months ago

Brazilian President Luiz Inácio Lula da Silva has signed a law which significantly alters the regulations concerning the production and use of green fuel in the country. This new legislation is tailored to support local farmers and biodiesel production, putting the oil giant Petrobras at a disadvantage. Lula is managing a transition toward more sustainable energy sources and actively encourages the use of biofuels in the transportation sector.

New Investment Package for Colombia: Agreement with Local Banks

3 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.