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.
Category: Colombia
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.
Posted inMagazine
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.
Posted inMagazine
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.
Posted inMagazine
Bad Timing?
The privatization of Colombia’s power sector is being fiercely debated. The government’s plan is under attack from several angles.
Posted inMagazine
The Road Back
Colombian banks, with the government’s help, are struggling to avoid future crises.