Category: Colombia

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COLOMBIA: IMF backstop is positive but oil price vulnerability remains headache

Despite publicly contemplating a loosening of physical distancing measures, President Ivan Duque on 6 April announced that they would be extended until 27 April; the quarantine started on 25 March. The decision does not just reflect the World Health Organization (WHO)’s warnings about the premature and sudden lifting of lockdowns, but also comes down to local factors: namely, that local testing capacity remains limited and that the Covid-19 curve has not flattened sufficiently.… Read the rest

Teneo-Europe-Report

COLOMBIA: IMF backstop is positive but oil price vulnerability remains headache

Despite publicly contemplating a loosening of physical distancing measures, President Ivan Duque on 6 April announced that they would be extended until 27 April; the quarantine started on 25 March. The decision does not just reflect the World Health Organization (WHO)’s warnings about the premature and sudden lifting of lockdowns, but also comes down to local factors: namely, that local testing capacity remains limited and that the Covid-19 curve has not flattened sufficiently.… Read the rest

COLOMBIA: The problem of jobless growth

In 2019, Colombia had the fastest growth rate (3.3%) out of the six leading Latin American economies (Brazil, Mexico, Argentina, Chile, Peru). Even with downward adjustments to the 2020 outlook already underway amid the COVID-19 outbreak, Colombia is on track to perform relatively well this year compared to its regional peers.… Read the rest