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Colombia

General Motors Shifts Strategy in South America

General Motors (GM) officially declared that it will shut down its assembly operations in both Colombia and Ecuador. This decision shifts focus to national vehicle...

Colombian Senate Passes Petro’s Key Pension Reform

The Colombian Senate recently approved President Gustavo Petro's key pension reform, now pending in the Chamber of Representatives. Introduced over a year ago, this legislation stands poised to enact significant changes, representing a major victory...

The Decline of Latin America’s Currency Rally

The Colombian peso's rally, mirroring the 15% increase seen in Mexico's peso in 2023, might be drawing to a close. Analysts from Natwest Markets and...

Colombia’s Nationwide Protests: A Struggle Against More Government Control

Colombia has seen a significant surge in public protests. Tens of thousands have demonstrated...

Colombia’s Housing Crisis Deepens with 15-Year Low

Colombia's housing market is in its toughest period in 15 years, with sales down 17.7% from January to March...

How to Improve Colombia’s Pension System, One of the Worst Globally

In Colombia, a crucial debate is underway about overhauling the nation's pension system, which ranks 41st out of 44 globally in terms of efficiency. This...

Colombia Faces Stubbornly High Inflation Despite Efforts

In 2023, Colombia's inflation rate has remained well above the central bank's target of 3%, challenging economic stability despite...

Petro’s Diplomatic Balancing Act in Venezuelan Politics

Recent interactions between Colombian President Gustavo Petro and key Venezuelan opposition figures have ignited discussions within Venezuelan opposition circles. Petro's...

Álvaro Uribe Faces Trial in High-Stakes Case in Colombia

Álvaro Uribe, the former President of Colombia, is set to face a trial that...

Citigroup Analysts Doubt Success of Colombia’s Pension Reform

Citigroup strategists question President Gustavo Petro's pension reform in Colombia. They believe the plan, aiming for...

Petro Challenges Congress After Key Reform Fails

Gustavo Petro, inspired by Pedro Castillo's rise to power in Peru, faced his own challenges when attempting to pass...