The World Bank rewards Colombia for getting its fiscal house in order with a partial guarantee that helped the sovereign access the fickle dollar market at a difficult time.
Category: Colombia
Posted inMagazine
The High Cost of Turbulence
Venezuelans and Colombians are tucking their money away in Miami at a rate of over $500 million a month as the outlook at home goes from bad to worse.
Posted inMagazine
Archive: Trouble in the Andes
Venezuela and Colombia have become two of the most dangerous places to do business in Latin America. Their financial systems are in disarray. Venezuela’s Hugo Cháves and Colombia’s Andrés Pastrana are taking starkly different approaches to dealing with their countries’problems.
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Colombia’s Growth Industry
Kidnapping has become one of Colombia’s most common forms of serious crime, with a record 3,100 cases reported in 1999. Human rights campaigners say they expect even more cases this […]
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Colombia Fights to get its Message Across
Colombia has not looked this bad for many years. Civil conflict, a deteriorating economy and political disarray are keeping investors away. Bogotá has a tough sales job.
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Shifting Shares in the Colombian Banking System
Foreign banks have bought a substantial chunk of Colombia’s banking system as they have in most other Latin American markets. Foreign-owned banks now account for 42% of the country’s financial […]
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A Clean Balance Sheet
Bancolombia has gained the confidence of international investors and cleaned up its balance sheet. Now the bank must prove it can thrive in Colombia’s feeble economy and fend off foreign competition.
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Bad Timing?
The privatization of Colombia’s power sector is being fiercely debated. The government’s plan is under attack from several angles.
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Colombia’s financing needs: No hurries there
If Colombia had not gotten a commitment for multilateral credit, things would have been different. But government officials are reassured after securing $6.9 billion in multilateral financing for 1999-2002. The […]
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The Road Back
Colombian banks, with the government’s help, are struggling to avoid future crises.