June 11, 2021 The Inter-American Development Bank has approved a US$15 million reimbursable technical cooperation loan to help consolidate private participation arrangements in Colombia’s infrastructure, improve the context of financing…
Category: COLOMBIA
IMF Executive Board Concludes 2021 Article IV Consultation with Colombia
March 26, 2021 The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Colombia on March 19, 2021. Colombia has been hit hard by…
Colombia: Navigating the Pandemic and High Uncertainty, while Securing the Recovery
By: The International Monetary Fund February 16, 2021 Faced by a pandemic that led to the largest recession on record—with vulnerable groups particularly affected—Colombia used the flexibility afforded by its…
Houston based logistics firm to get oil and gas transport concession from Colombia!
February 12, 2021 The Colombia National Infrastructure Agency Grants 30-Year Port Concession To SeaOne Holdings. SeaOne Holdings, LLC , which is developing various projects for the delivery of U.S. produced…
PriceSmart Announces Plans to Open Ninth Warehouse Club in Colombia- Expects 50 Clubs in Operation by Spring 2022
Membership warehouse, PriceSmart, Inc., announced that it plans to begin the construction of its ninth warehouse club in Colombia, which is anticipated to open in the fall of 2021. With…
International mining group to extend gold assets in Colombia
By: Staff Writer January 12, 2021 Orea Mining Corp is very pleased to announce the signing of a Binding Letter of Intent (“BLOI”) to acquire gold projects with an existing…
Shell hails 50% stake in Colombian Oil Company as opportunity!
By: Staff Writer January 1, 2020 Shell hails Ecopetrol 50 percent stake as “opportunity” to bring its technical know-how to Colombia to help build the offshore drilling sector. Cynthia Babski,…
Shell takes 50% stake in Colombian oil and gas firm!
By: Staff Writer December 29, 2020 Oil giant, Shell, takes a 50 percent stake in Colombian oil and gas firm to continue its offshore, deep water exploration. Ecopetrol S.A. hereby…
Colombia Draws on IMF Flexible Credit Line to Address the COVID-19 Pandemic
BY Staff Writer December 4, 2020 The Colombian government has made a drawing of US$ 5.4 billion under the Flexible Credit Line (FCL) arrangement in the context of the pandemic.…