The InterAmerican Development Bank (IDB) has granted $1.2 billion for Colombia's general fiscal budget in 2021 as part of a economic recovert package. $600 million will be allocated to sustainable and environmental policies specifically, said the national government.
Since its arrival to Colombia in 2018, Dubai-based Fura Gems has invested $60 million in the operation of its emerald mine in Boyacá, Coscuez -of which $2.2 is for social development projects. The company's total investment is expected to increase by $100 million in the next five years, informed Dev Shetty, Fura Gems CEO.
Hass avocado exports to Asia have increased by 250% since 2016 and are expected to keep rising. Last week, South Korea became the latest country to approve Colombian avocado imports, mounting 26 importing countries worldwide. In 2020, total international sales were valued at $ 144 million (155,310 tons).
Colombina Candy Company published its income statement for 2020. Its operation revenue dropped to $533 million, 1% less than in 2019. Profits fell by 49% from $16 million (Co$ 60,315 million) to $8.6 million (Co$ 30,783 million) in the same period. In detail, chocolate sales shrunk by 13.5% and candies by 12.9%.
A fund created by the Inter-American Development Bank (IDB) to protect the Amazon rainforest could receive up to $1 billion in donations, the bank’s president said on Thursday, adding that the IDB will commit $20 million to the project - in seed capital to the fund.