Services

NEWS FLASH

UPCOMING WEBINAR - TURKEY: FUNDAMENTAL CHANGE OR BUSINESS AS USUAL?...

Learn More

COUNTRY INSIGHTS

Mind The Gap
COLOMBIA · Report · 01 Feb 2017

Fiscal results for 2016 presented few surprises aside from a slight increase in the deficit, relative to the forecast. What was surprising was an increase in income tax collection, which outperformed the COP 1.6 trillion target. But VAT collection underperformed by COP 3.4 trillion. GDP also unde...

More Questions than Answers
COLOMBIA · Report · 29 Dec 2016 · 1 response

The end of 2016 is characterized by uncertainty over the future. In politics, 2017 will be dominated by questions of presidential succession, and what kind of government Colombia’s next leader will run, after taking office in August 2018. We find the latter question the most intriguing and impor...

The Country of Not Enough
COLOMBIA · Report · 29 Nov 2016 · 1 response

The end of 2016 will be characterized by not enough growth, a tax reform likely to deliver less than what is needed, monetary policy that has yet to bring inflation down, and a peace deal that may not be enough to bring peace. That is why Colombia, yet making efforts in all these fronts, seems to...

Peace All Over Again
COLOMBIA · Report · 15 Nov 2016 · 1 response

Against all odds, the Government presented a New Peace Agreement with FARC on Sunday the 13th of November. This agreement is an attempt to include the opposition’s comments to the agreement, after the plebiscite to legitimize such agreement was defeated on October 2nd. Such a defeat, while politi...

Settle in for a Long Wait
COLOMBIA · Forecast · 25 Oct 2016 · 1 response

The government’s new tax reform plan is crucial for restoring fiscal health, and preserving Colombia’s investment grade. We expect it to be approved in a watered-down, though still decent, form by December, as the political scenario for its passage is far from ideal. That should be enough to make...

The Horses of History
COLOMBIA · Report · 03 Oct 2016 · 2 responses

Colombians voted a troublesome 50.21%-49.78% favoring NO in the October 2 plebiscite on the peace agreement with the FARC. Regionally, the results reveal a worrisome pattern; the geographical core of the country, composed by relatively more affluent provinces, and where the largest cities sit, vo...

On the Brink of a New Era
COLOMBIA · Report · 16 Sep 2016

Since the government struck a provisional peace deal with the FARC on August 24th, Colombians have talked of little else. The deal is to be submitted to a public referendum in October 2nd. Most of Colombia’s political parties are backing the “YES” campaign -- though former president Andres Pastra...

The Choice of Peace
COLOMBIA · Report · 30 Aug 2016 · 1 response

After almost six years of intense waiting, a peace deal between the government and FARC-EP guerillas was reached in Havana on August 25th. Congress is expected to give it its blessing, and to authorize putting it to a national plebiscite, planned for October 2nd. Despite increased divide between ...

Increase in TES issuance for 2016
COLOMBIA · In Brief · 23 Aug 2016 · 1 response

A decree was published last Friday, authorizing the Ministry of Finance to increase its TES issuance by COP 8 trillion. The decree mentions that these additional resources are meant to finance outlays for 2016. However this is not the case, as it would imply an increase in the deficit for 2016, w...

Colombia in Plebiscite Mode
COLOMBIA · Report · 03 Aug 2016 · 1 response

Peace, or better said, the end of the conflict, seems to be near. Rumor has it that a peace deal might be signed in Havana before the end of the month. However, in order to meet this deadline there has also been talk of maintaining peace negotiations after a deal is signed. Namely, a deal would b...

Weathering the Storm
COLOMBIA · Report · 31 Jul 2016

The July rituals mark the beginning of the new season of congressional sessions. Out of the many initiatives presented to Congress for approval, the two fundamental narratives of the current legislative period, running from July 20th 2016 to June 20th 2017, are the approval of a legal peace agree...

We’ve Only Just Begun
COLOMBIA · Forecast · 30 Jun 2016

Aligning the best and bravest to lead the enactment of the new peace deal with the FARC will be the Santos administration’s main task for the next two years, in addition to winning the plebiscite. As Brexit just showed, winning a popular vote is harder than it looks. The picture of peace being si...

Modest Growth
COLOMBIA · Report · 06 Jun 2016

GDP expanded by 2.5% in 1Q, in line with market expectations. The leading sector was the manufacturing industry, up by 5.3%, mostly as a result of the Cartagena Refinery’s operation, which soared by 20%. The rest of the manufacturing industry’s performance was less spectacular, aside from beverag...

A Bulletproof Deal
COLOMBIA · Report · 27 May 2016

The Colombian economy is undoubtedly slowing. Given current macro imbalances, this is a good thing, and actually what the Central Bank is hoping for, as it continues to hike interest rates. The question is: how much will growth slow? The mining sector continues to disappoint. Coal production f...

Santos’ New Cabinet
COLOMBIA · Report · 27 Apr 2016

After a lot of speculation, and a long wait for a cabinet reshuffle, yesterday President Santos announced the new members of what he called the “Cabinet for Peace”. However it has already been dubbed as the cabinet for the plebiscite, as its main purpose will be to gather the votes for approval o...

Copyright 2024 GlobalSource Partners. All rights reserved.