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Colombia’s economy faces sluggish growth in 2024

Location:

COLOMBIA

Expectations for 2024 suggest lower inflation than last year, but risks persist. The OECD forecasts moderate GDP growth, highlighting inflation and interest rate concerns. Minimum…

Colombia pension reform is unlikely to pass intact

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COLOMBIA

Spearheded by Labour Minister Gloria Ines Ramirez, the 'Change for the Elderly' bill proposes a new system, centred on the principle of solidarity. Critics claim the proposals…

Prospects for Colombia in 2022

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PROSPECTS 2022

Prospects for Colombia in 2022.

New Colombian fiscal reform will pass but is flawed

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COLOMBIA

The plan avoids new taxes on individuals, instead increasing the fiscal burden on firms. The proposed measures aim to generate COP15.2tn (USD3.9bn) in new revenue, which would be…

Ecuador migrant crisis to compound Moreno’s problems

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ECUADOR

Ecuador is an attractive destination for Venezuelans, offering easy access to US dollars. It is also a transit route for migrants travelling to Peru and Chile. The migrant surge…

Prospects for the Andean region in 2020

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PROSPECTS 2020

Prospects for the Andean region in 2020.

Pandemic will take heavy economic toll in Colombia

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COLOMBIA

This has triggered a series of economic setbacks. The economy showed modest growth in the first quarter of 2020 before plummeting 15.7% in the second, year-on-year. Various…

Colombia migrant move offers hope but no quick fixes

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COLOMBIA

President Ivan Duque announced the policy on February 8, saying "we hope other countries follow our example". It will allow beneficiaries to live and work legally in Colombia for…

Colombian economy to moderate after impressive rebound

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COLOMBIA

The OECD similarly raised its forecast for Colombia this month to 9.5%, from 7.6% previously. The optimism follows impressive growth of 17.6% and 13.2% year-on-year in the second…

Informal and illegal gold mining to endure in Bolivia

Location:

BOLIVIA

This sector has grown substantially with the rise in recent years of the world gold price, contributing to the rapid deforestation of the rainforest in the north of the country…