Colombia has enacted an economic recovery plan worth $ 850 million (COP 135 trillion). It is equivalent to 12.5% of the country's GDP. 7.2% of funds will go to house building as a crucial strategy set by the government to reactivate the economy and increase employment.
Banco W issued its first social bonds on the Colombian Stock Exchange for $160,000 million, with a cutoff margin of 1.49% EAR. Yet, the amount demanded by the market was $ 340,162 million. Funds will benefit 27,000 people across different productive activities over the next three year.
Colombia's trade deficit dropped by 653 million dollars in 2020. Last year, imports totalled $41,185 million while exports $31,056 million. Fuels and extractive industries products had the steepest fall to $2,947 million, 45.0% less than in 2019.
64% of shops registered a fall in sales in December 2020, said Fenalco in its latest national business survey report. In contrast, only 19% of businesses reported a positive figure. Fashion-related shops showed the worst performance.