The National Planning Department (DNP) has swiftly responded to President Gustavo Petro’s recent announcement regarding a reform on royalties, emphasizing prioritizing issues like clean water over the development of infrastructure projects, such as fourth-generation roads.
Colombia’s self-sufficiency relies on the 302 contracts issued in previous years, covering over 15 million hectares.
The National Administrative Department of Statistics (DANE) reported the value of Colombian exports during January 2024.
The Territorial Renewal Agency (ART) made public the Project Bank eligible for funding through the Works for Taxes mechanism, offering options such as the Trust Option and Agreement.
As Colombia grapples with economic slowdown across key sectors like industry, commerce, and construction, attention turns to its low investment levels, particularly in private capital.
The National Business Council (CGN) expressed concerns about Decree 044 of 2024, issued at the end of January, which “establishes criteria for declaring and delimiting temporary reserves of natural resources within the framework of mining-environmental planning.”
Rodrigo Negrete, Director of the Environmental Licenses Agency (ANLA), announced that the government is preparing a legislative proposal that could change the environmental licensing process in the country.
Orlando Velandia Sepúlveda, President of the National Hydrocarbons Agency (ANH), highlighted the ambitious plan to ramp up oil and gas exploration in Colombia.
The Constitutional Court rejected the request for nullity filed against ruling C-489 of 2023, which declared the prohibition of deducting royalties from the income tax of non-renewable natural resource exploiters unconstitutional.
During the opening of the 43rd Tourism Showcase hosted by the Colombian Association of Travel and Tourism Agencies (Anato), President Gustavo Petro emphasized the country’s transition from reliance on oil and coal revenues to earnings from tourism.
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