Economics

Colombia to delay $2.44B in spending due to oil price fall

Colombia will delay spending $2.44 billion (6 trillion pesos), some 3% of its national budget, due to a sharp fall in oil revenue, the government said on Saturday.

Santos’ priorities until 2018: peace, population census, Bogota metro and equality

Colombia’s congress on Monday began debating the government’s 2014-2018 Development Plan. This four-year policy framework includes a number of flagship policy proposals including peace-building, a metro for Bogota, a population census and increased socio-economic equality.

Colombia oil output to fall a fifth by 2018

Colombia's oil output is expected to fall by more than a fifth by 2018 as companies cut back spending on exploration and production after the recent plunge in crude prices, the ACP association of oil producers said on Tuesday.

Colombia will experience ‘strong economic slowdown, but no recession’ in 2015

Colombia’s economy will face a slowdown but not a recession in 2015, a top banking representative said on Friday.

Colombia’s investment risk at levels not seen since 2011

Colombia’s economic risk has risen to levels not seen since 2011, according to local media.


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