Colombia plans to take advantage of the rise in socially conscious investing with the offering of its first green bonds. The government will issue as much as $ 575 million of the notes in monthly auctions in the second half of the year, and will continue the sales beyond that, said Cesar Arias, director of public credit. The peso notes will fund renewable energy generation, fleets of fuel-efficient vehicles and projects that fight deforestation, Arias said in an interview on Thursday. They will likely have a 20-year maturity.
Day: January 15, 2021
Tax revenue in Colombia reached target of $ 42 bn in 2020, despite 7.4% YoY drop
The accumulated gross tax collection in 2020 was $ 42.4 billion, which represents a 7.4% drop compared to $ 45.8 billion d in 2019. Despite the drop, tax revenue met the government´s target in the medium-term Fiscal Framework.
Informal labour in Colombia reached 48% in November 2020
The proportion of informal workers in Colombia increased during the period September - November 2020. According to Dane statistics, in the 23 cities and metropolitan areas this indicator stood at 48.7%, which represents an increase of 1.5 points percentage compared to the same mobile quarter of 2019, when it was 47.2%.
Sales of Evs and hybrids in Colombia increased by 50% in 2020; will continue to grow into 2021
Although 2020 represented a severe blow to the automotive sector, as it closed with 188,655 new registrations, a 28.5% drop compared to 2019, hybrid and electric vehicles were the big winners. In 2020, 6,011 units were sold, thus doubling the record of 3,134 in 2019. Industry forecasts a 60% YoY frowth in 2021, with 10,000 units sold.
Colombia´s Alpina to build $5 mn plant
Alpina gave the go-ahead to begin the construction of a new plant in Colombia, which will allow it to increase its production and store around 120,000 liters of milk per day. It is an investment of $ 5.4 million, which will guarantee the supply of milk in times of scarcity.
