Latest News

IMF Suspends Colombia’s $9.8bn Credit Line over fiscal concerns

By The City Paper Staff -

The IMF has suspended Colombia’s $9.8bn credit line, citing rising public debt and fiscal risk. President Petro responded with a personal attack on IMF chief Kristalina Georgieva, sparking political backlash. Analysts warn the move could hurt investor confidence and raise borrowing costs amid global financial uncertainty.

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Bogotá in Top Three of Latin America for Foreign Direct Investment

By Richard Emblin -

With 105 foreign investment projects in 2024, the Colombian capital stands out as a magnet for expansion in services, retail, and technology. Great connectivity for the business community, world-class cultural events and a highly-skilled workforce has secured Bogotá as a trusted destination for investors.

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SER: The Hat Couture of Medellín designer Andrea Agudelo

By Richard Emblin -

Designer Andrea Agudelo launches SER, a hat couture brand blending fashion, art, and mindfulness. Her debut collection, Born from Light, features handcrafted headwear symbolizing identity and transformation. SER will expand globally through gallery installations and a bespoke atelier in Medellín.

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Petro orders Ecopetrol to source natural gas from Qatar

By The City Paper Staff -

Colombian President Gustavo Petro has called for diversifying natural gas imports, ordering state-owned Ecopetrol to source from Qatar in order to reduce costs and end reliance on the U.S. His proposal comes with rising gas prices, inflation concerns, and a significant new gas discovery off Colombia’s coast.

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