Economic Monitoring Indicator (ISE) improves, but still negative (-3.48)

After negative results in January 2021, due to new restrictions to contain the second wave of covid-19 infections, the Colombian economy improved in February. Yet, figures are still negative. According to the DANE's Economic Monitoring Indicator (ISE) the gross domestic product (GDP) may have decreased by -3.48 percentage points in February. Among all sectors of the economy, the primary sector decreased by -1.10 percentage points compared to last year.

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.

Colombia halts tender for $770 mn dredging PPP to carry out social consultations

Colombia’s infrastructure agency (ANI) has halted the prequalification for the $773 million (Co$ 2.8 trillion)Dique canal rehabilitation private-public partnership due to social consultations with locals. The national planning department (DNP) and the finance and transport ministries are reviewing the project. The entities expect to approve the financial, technical and legal structuring during the second half of this year, ANI said in a press release.

49% of business owners reported an increase in sales in March

From February to March 2021, sales rose by 26 pp. According to the latest business survey conducted by the National Federation of Colombia Businesses (Fenalco), 49% of business owners reported an increase in the net quantity of sales. However, Fenalco also raised concerns for April results as new lockdown measures have recently taken place in many regions of Colombia.