With an investment of US $65 million, ISA's subsidiary CTEEP announced that its Aguapeí interconnection project in Brazil is six months ahead of schedule. The project has more than 120 km of transmission lines and two substations with 1,400 MW of power (Alta Paulista and Baguaçu) Source: El Espectador
The state platform's Colombia Compra Eficiente, in charge of channelling public purchases, has registered transactions above $1 billion (COP 3.5 billion) so far and is expected to achieve $20 billion (COP 75 billion) by the end of the year.
The tax reform will seek to collect around 1.5% of GDP, equivalent to $4.161 billion (COP 15 billion), confirmed the Minister of Finance. The reform would postpone companies' benefits, expand products with VAT and tax 'large-pensions'.
According to the Consumer Opinion Survey, consumers' confidence improved in February 2021 by 6.2 percentage points. Consumer expectations (6.7 pp) and economic conditions (5.9 pp) were the factors that increased most. However, this result is still negative as it shows an overall value of -14.6.
In 2020, Colombia's external debt reached its all-time highest. According to the Central Bank, the external debt, considering public and private, was $ 154 billion. This means 55.4% of GDP. In contrast, it was 42.9% of GDP in December 2019.