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Nelson Bocanegra

Colombia inflation expectations fall amid still-weak demand

30 Nov 2020

BOGOTA Colombia inflation expectations for this year and next were down compared with previous estimates in a Reuters survey on Monday, as domestic demand remains weak amid economic fallout from the coronavirus pandemic.

Colombia's Promigas issues $164.5 mln worth of local bonds

19 Nov 2020

BOGOTA, Nov 19 Colombian gas distributor Promigas on Thursday issued bonds worth 600 billion pesos ($164.5 million) to the local capital market, with proceeds earmarked for refinancing existing debt for the company and its subsidiaries, to improve its long-term maturity profile.

UPDATE 1-Colombia central bank holds rate, ending seven months of reductions

30 Oct 2020

BOGOTA, Oct 30 Colombia's central bank unanimously held its benchmark interest rate steady at 1.75% on Friday, meeting market expectations and ending seven months of rate cuts meant to buoy the economy amid a coronavirus lockdown.

Colombia central bank likely to hold rate after seven months of cuts

30 Oct 2020

BOGOTA, Oct 30 Colombia's central bank board is set to leave the benchmark interest rate unchanged at its Friday meeting, the first hold after seven months of cuts which took borrowing costs to a historic low.

Colombia oil and coal production to fall over the next decade, government says

27 Oct 2020

BOGOTA Colombia's output of top exports oil and coal will fall by 16.9% and 28.4% respectively over the next 10 years, government predictions showed on Tuesday, but the impact will be mitigated by better prices for both fuels.

Thousands, including indigenous people, march in peaceful Colombia protests

22 Oct 2020

BOGOTA Thousands of union members, teachers, students and indigenous people participated in a national strike in Colombia on Wednesday to protest the social and economic policies of President Ivan Duque, the killing of human rights activists and police violence.

'Not even the pandemic' will stop Colombia protests, leaders say

21 Oct 2020

BOGOTA, Oct 21 Thousands of union members, teachers, students and indigenous people are set to participate in a national strike in Colombia on Wednesday to protest the social and economic policies of President Ivan Duque, the killing of human rights activists and recent police violence.

Colombia's congress approves $81.7 bln budget for 2021

20 Oct 2020

BOGOTA, Oct 20 Both houses of Colombia's congress gave final approval to a 314 trillion peso ($81.7 billion) budget for next year, as the Andean country looks to invigorate an economy pummeled by a coronavirus lockdown.

Colombian economy backslides, contracting 10.6% in August

19 Oct 2020

BOGOTA, Oct 19 Colombia's economy contracted 10.6% in August compared to the same month a year earlier, as strict neighborhood coronavirus lockdowns in the country's capital slowed economic recovery, the government said on Monday.

Colombia banks' client growth highest in nearly 7 yrs with govt COVID aid

14 Oct 2020

BOGOTA, Oct 14 The number of Colombians opening their first financial account rose in the first half of 2020 by the most in nearly seven years, as the government handed out billions in aid and subsidies during the coronavirus lockdown, it said on Wednesday.

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