Protests in Colombia that began on 28 April have left Co$65 billion ($17.02 million) worth of damage to transport infrastructure in Cali and Bogotá, the government said. According to Transport Minister Ángela María Orozco, there is significant damage to mass transit systems, with the most serious damage occurring in Cali. Figures to date indicate that between Bogotá and Cali there are 591 vandalised trunk or zone buses. Of these, 175 cannot be used again due to damage.
Protests continue across Colombia, with dozens of people dead and hundreds injured since they began on 28 April The demonstrations were originally against tax reforms that its government said would be key to handling the country's economic crisis – reforms its president has since withdrawn. But the protest movement has grown to include calls for improvements to the country's pension, health and education systems.
Colombia's majority state-owned oil company Ecopetrol reported a soaring first-quarter net profit of Co$3.09 trillion ($806.5 million) for this year, buoyed by improved oil prices and with the backdrop of a dismal comparative period in 2020. The oil company reported a net profit of Co$133 billion in the first quarter of 2020, following a global slump in oil prices and after booking an impairment worth Co$1.21 trillion. Ecopetrol's first-quarter earnings before interest, taxes, depreciation and amortisation rose 55.7% to 8.19 trillion pesos, the company said.
Colombia produced 810,000 60-kg bags of washed Arabica coffee in April, up 9% from the 744,000 bags produced in the same month last year, the national coffee growers' federation said. Colombian coffee exports soared 61% last month to 1.03 million bags, up from about 642,000 bags in April 2020. The surge in exports was driven by better logistics, the federation said, as last year this period was marked by lockdowns imposed to contain the coronavirus.
The Pacific Alliance comprised by Chile, Colombia, Mexico and Peru seeks to attract private capital for the infrastructure sector, under the modality of Public-Private Partnerships (P3s). They adopted the guiding principles of PPPs, which will help member countries to promote predictability, transparency, competition and integrity.