Colombia issued $3 billion in international bonds

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.

47 new air routes in Colombia

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.

Netflix investment in local productions amounts to $ 175 mn

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.

Central bank of Colombia: interest rates con go lower

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 launches brand-new $6mn strategy

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 approves J&J coronavirus vaccine

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.

IMF Executive Board concludes 2021 Article IV consultation with Colombia

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