In the ongoing 2021 Climate Summit, Colombia's president Ivan Duque reaffirmed the goal to reduce by 51% greenhouse gas (GHG) emissions. To do so, Colombia will invest, among other strategies, in cleaner urban and freight transport policies. Mr Duque also encouraged other global leaders to sign this new environment protection agreement, which has been signed by 84 countries so far.
Between April 12-18, natural gas consumption increased by 0,8% compared to the previous week, informed the Colombian Mercantile Exchange (BMC). The thermic and industrial sectors increased their gas demand by 4,5% and 3,1%, while household consumption remained the same.
S&P Global Ratings maintained Colombia's rating at BBB-, with a negative outlook. This comes after the national government passed to congress a new tax reform bill. S&P also recently increased its 2021 economic forecast for Colombia from 5.1% to 6%.
The Swedish based Essity acquired 44% of Grupo Familia. With this, it increased its shares in the Colombian company from 50% to 94%. The deal had an estimated value of $1.54 billion, informed Grupo Familia. Today, Essity operates in over 150 countries with 46,000 employers worldwide.
According to the latest BBVA economic research report, the Colombian economy is expected to grow by 5.5% in 2021 and 4.8% in 2022. This result is higher than the latest BBVA's January forecast, where the forecast was 4.8% in 2021 and 3.8% in 2022. According to the bank, the economic recovery of the US and higher oil prices will help the Colombian economy to reach higher growth rates.