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.
The Private Managers Index (PMI) survey measured by Banco Davivienda increased by 1.6 percentage points compared to the previous month. It rose from 52.4 in March 2021 to 54 in April 2021. This latest result lies above 50.8 points, the average measure calculated by Davivienda in the long term. The Increase in local demand and succesfull merchandising strategies are among the various factors that Davivienda found as growth drivers.
Yesterday, the Colombian peso (COP) exchange weakened by 1% after falling 1.7% on Monday. Yesterday it broke through its 200-day moving average at 3,660 COP per 1 USD. The failed tax reformed passed to Congress last week mostly explains this recent devaluation. Source: Portafolio
After four years of audits, the multinational coal producer Drummond was certified in Colombia as an authorized economic operator (AEO) by the national tax and customs agency (DIAN) and the Anti-Narcotics Police. This certification is led by the World Customs Organization (WCO) and seeks an agile, transparent and safe trade. According to Drummond, it will … Continue reading Drummond is certified as an authorised economic operator (AEO) in Colombia
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.
Fitch Ratings has assigned a 'BBB-' rating to Colombia's USD2,0 billion bonds maturing April 22, 2032 and its USD1.0 billion maturing Feb. 22, 2042. As key rating driver, Colombia has an ESG Relevance Score (RS) of '5' for both Political Stability and Rights and for the Rule of Law, Institutional and Regulatory Quality and Control of Corruption, as is the case for all sovereigns, revealed Fitch.
Between January and March 2021, foreign direct investment (FDI) grew by 66%, compared to the same period in 2020. So far Colombia has attracted $1.595 billion in 33 new projects. According to ProColombia, technology and communications, agribusiness and renewables energies projects recorded the highest investment.
Yesterday, 549,000 doses of the Pfizer vaccine arrived in Colombia from Belgium. With these, the total number of received vaccines amounts to 5,615,184, informed the national government. This last dispatch comes after a recent shipment delay in the Chinese produced vaccine Sinovac, which has disrupted the vaccination process nationwide, especially in administering the second dose.
The Ministry of Health announced yesterday its decision to allow private parties to acquire and provide vaccines against Covid-19. The government also released specific guidelines that companies must follow. In detail, companies can only purchase vaccines directly from producers, such as AstraZeneca and Pfizer.
The Bogota Chamber of Commerce and the Korean Chamber of Commerce and Industry will create a bilateral business council to strengthen trade relations between the two countries. In 2020, Colombian exports to South Korea rose by 18% to $ 571 million, while South Korean imports to Colombia decreased by 10.71% to $676 million.