Through a research pilot project, the National Government and oil company, Ecopetrol, will test a social dialogue mechanism for fracking in the department of Santander. The pilot seeks to increase citizen participation in understanding challenges and opportunities around the hydrocarbon industry transition in Magdalena Medio. Source: Portafolio
According to the National Federation of Cacao, Fedecacao, cocoa production reached a record-high in 2020. Product increased 6% from 59,740 to 63,416 tons. In December 2020 alone, Colombia exported 11,145 tons, valued at $26 million.
The National Infrastructure Agency of Colombia has granted SeaOne's local subsidiary the concession of Buenaventura's port for 30 years. The largest operational harbour in Colombia. The company projects an initial investment of over $225 million in infrastructure. The new port complex will receive, store and deliver critical energy supplies to store fuel, natural and natural gas liquids.
Ministry of Technology prepares a $267 million (COP 949,519 million) public policy to benefit 1 million people in the information and communication technology (ICT) sector. Among the 11 programs that the policy has, a soft credit line for $26 million ( COP 94,000 million) will increase capital liquidity in ICT SMEs.
Central Banks governor reaffirms commitment to keep the interest rate at a record low (1.7%). The board members fully agree with the need for an expansionary policy with low-interest rates to return to pre-pandemic growth levels.