Economic Monitoring Indicator (ISE) improves, but still negative (-3.48)

After negative results in January 2021, due to new restrictions to contain the second wave of covid-19 infections, the Colombian economy improved in February. Yet, figures are still negative. According to the DANE's Economic Monitoring Indicator (ISE) the gross domestic product (GDP) may have decreased by -3.48 percentage points in February. Among all sectors of the economy, the primary sector decreased by -1.10 percentage points compared to last year.

International travellers shrank by 75% in Colombia

In the first quarter of 2021, international travellers to Colombia dropped by 75.2%, compared to the same period last year. Likewise, Colombians travelling abroad decreased by 41.1%, reported the Colombian Association of Travel and Tourism agencies. Border closures, travel quarantine, slow vaccination rates and spikes in cases, among other factors, have contributed to this reduction.

Colombia issued $3 billion in international bonds

Today, the Colombian Ministry of Finance carried out its largest financing operation. It issued both $2 billion in 11-year maturing bonds with a 3.356% yield rate and $1 billion 20-year maturing bonds at 4.235%. The operation attracted purchase orders for a total of $ 10.2 billion, 3.4 times higher than the amount issued. According to the government, the capital will be allocated in the General Budget of the Nation for the period 2021.