The national government seeks to lower existing tariffs on key foreign inputs to produce exportable non-mining goods through an executive order. With this, exports are expected to increase by $ 25.5 billion until March 2021.
Banco Davivienda issued local bonds for (COP 700,000 million) on the Colombian Stock Exchange (BVC) for five, seven and ten years. Yet, the market demand was 30% higher than the amount emitted.
From December 2020 to January 2021, the national public debt fell from 61.4% of GDP to 58.1% at $177.6 billion (COP 632.18 billion).
GeoPark announced its independent oil and gas reserves assessment as of December 31, 2020. In Colombia, 199% reserve replacement grew certified 2P Reserves to 141 Million with a net present value (After Tax) of $2.1 Billion. Exploration resources Over 750 million barrels in Colombia.
TGIF funded $1,617,322 as part of an existing five-year term loan facility, priced at 12%, to a sustainable consumer lender in Colombia. The transaction is set to mature on September 3, 2025. The borrower is focused on providing much-needed liquidity to its more than 4,500 clients, the majority of which are women seeking to further their purchasing power for household staple goods.