A new CEPAL statistical report on tax collection across Latin America and the Caribbean through 2024 finds a region making incremental progress on revenue mobilization — but still structurally distant from developed-economy benchmarks, and dangerously exposed to commodity price swings in the countries that matter most.
ExxonMobil’s discovery of more than 11 billion barrels of recoverable oil in Guyana’s deep waters over the past six to seven years – described by environmental groups as the largest oil find of the 21st century – has set off a wave of hydrocarbon ambition across the Caribbean basin that civil society organizations are now calling “the Guyana effect.”
Last night, while watching the news on TV, my wife asked me if I supported fracking. Given that her interests are in other fields, I knew the debate has become mainstream.
Four families in the municipality of Orito, Putumayo, have received new homes through Plan Padrino, the corporate volunteering program run by Parex Resources.
Colombia’s OCAD Paz approved 97 projects totaling CoP$1.91T for the country’s 16 PDET subregions under the second call of the 2025-2026 biennium. The initiatives will be financed through Peace Allocation resources from royalties (SGR) and were endorsed during session 86 held at the National Planning Department.
The Departamento Nacional de Planeación (DNP) conducted a technical tour of three strategic works funded by royalty resources in Santander that generate direct community benefits.
Colombia’s National Hydrocarbon Agency reported collecting CoP$29.6T in royalties between August 2022 and December 2025, demonstrating strong fiscal performance despite challenges in the sector.
The Ethics Council of Norway’s Government Global Pension Fund, administered by Norges Bank Investment Management, recommended excluding Ecopetrol from its portfolio over alleged human rights violations in its operating areas, effective March 2, 2026.
Energy Minister Edwin Palma announced Santander’s largest historical natural gas expansion with CoP$51.675 billion investment across 15 projects delivering natural gas, liquefied petroleum gas networks, and eco-efficient cooking solutions to 19,246 households, particularly benefiting women who traditionally perform cooking tasks.
Córdoba Governor Erasmo Zuleta Bechara requested national government authorization to temporarily implement the Works for Taxes mechanism in flood-affected municipalities, announcing he has advanced negotiations with businesspeople willing to contribute through this initiative.
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