The office of the Vice-president and the Ministry of Finance are working together to issue treasury bonds this year to finance programs on gender empowerment. Colombia is so far the only country in the region supported by the UN on this initiative.
The current BBB- credit rating will be reviewed after the tax reform is passed by Congress, informed Richard Francis, a sovereign credit analyst at Fitch Ratings for Colombia. The agency usually makes two public statements yer year—the first between April and May and the second in November.
The Colombian Ministry of Mines and Energy has signed a memorandum of understanding with the Danish Ambassador to Colombia to promote technical cooperation and joint implementation of programs and activities in energy efficiency, renewable energy and electric mobility.
After the successful alliance made in 2019 to create RappiPay, with 700,000 clients today, Davivienda and Rappi go one step further to formally request a license to establish their own 100% digital bank. The initial investment is $25 million each.
According to the Latin American Association of Integrated Systems for Sustainable Urban Mobility (Simus), the deficit amounts to almost $560 million (COP 2 billion) in Colombia. Bogota's TransMilenio is the most affected as 1.8 million passengers per day currently use it instead of the 4 million before the pandemic. Local governments have asked the national government to finance 70% of their deficit.