Latest News

Trump Calls Colombia’s Petro an “Illegal Drug Leader,” Halts U.S. Aid

By The City Paper Staff -

In an extraordinary escalation that threatens to end decades of strategic partnership, U.S. President Donald J. Trump on Sunday labeled Colombian President Gustavo Petro an “illegal drug leader” and announced the immediate suspension of U.S. financial aid to Colombia. Speaking from his Mar-a-Lago resort in Florida and posting on his Truth Social platform, Trump accused […]

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First Metro Train for Bogotá Arrives in Colombia

By Richard Emblin -

Bogotá’s first metro train has arrived in Colombia after a 30-day journey from China, marking a historic milestone for the long-delayed project. The six-car train will undergo testing in the capital, with Line 1 expected to begin passenger service in March 2028.

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Colombia Bets Big on Instant Payments With Central Bank’s BRE-B

By Richard Emblin -

Colombia has launched BRE-B, a real-time payments system developed by its central bank to unify digital transactions across banks and wallets. The free platform allows instant money transfers nationwide and aims to boost financial inclusion, mirroring Brazil’s Pix model while addressing high fees and limited interoperability in the country.

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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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