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.
Today, the Colombian Ministry of Finance carried out its largest financing operation. It issued both $2 billion in 11-year maturing bonds with a 3.356% yield rate and $1 billion 20-year maturing bonds at 4.235%. The operation attracted purchase orders for a total of $ 10.2 billion, 3.4 times higher than the amount issued. According to the government, the capital will be allocated in the General Budget of the Nation for the period 2021.
Since the National Government resumed air traffic operations in September 2020, the National Civil Aeronautics agency has approved 32 international and 15 local routes for passenger transport. Most of the new international routes are for Central and North American destinations. Within Colombia, Cartagena and Santa Marta register the highest increase in new services.
Since it arrived in Colombia in 2014, Netflix has invested more than $175 million in local productions. The American media company announced yesterday its investment decision to open a Bogotá office. It also expects to have 30 new projects by 2022. According to the company, this decision represents its interest in the human capital that Bogotá offers to the creative industry.
The statement came after the Central Bank had decided to keep interest rates at 1.75% last month. According to the Bank's governor, any further action on the local interest rate should consider macroeconomic variables in developed countries such as the United States. "Our economies are still very vulnerable to external shocks and, in particular, to abrupt changes in terms of trade and international financial conditions," Villar added.
Procolombia, the Colombian agency in charge of promoting international tourism, foreign investment, and non-traditional exports, revealed its new global strategy yesterday. The new campaign, which includes a new slogan, "Colombia the most welcoming country", has an estimated price of $1.6 million (Co$ 6,000 million). According to Colombia's CEO, Flavia Santoro, the new strategy seeks to contribute to the government goal to increase non-mining exports value to $27 billion and foreign direct investment to $11.5 billion in 2022.
Colombia has authorised the emergency use of Johnson & Johnson's one-shot COVID-19 vaccine, for which has already reached an agreement to buy 9 million doses. The country has also closed deals with Pfizer Inc and BioNTech, AstraZeneca, Moderna, Sinovac. These purchases are complemented by additional vaccines from the World Health Organization-backed COVAX mechanism.
Directors took note of the temporary suspension of the fiscal rule to accommodate emergency spending to support the health care sector, households, and firms. Directors welcomed the planned fiscal reform and agreed that a return to the fiscal rule would safeguard the fiscal framework and anchor medium-term adjustment and public debt sustainability. In doing so, Directors stressed the importance of striking the right balance between flexibility and credibility
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).