Colombia’s Central Bank (BanRep) released Foreign Direct Investment (FDI) figures as of June 2023. Here are the details.
The National Hydrocarbons Agency (ANH) published a draft agreement that could lead to the signing of a new oil exploration contract in the country, but under specific circumstances.
A new scandal involving Minister of Mines and Energy (MinEnergia) Irene Vélez could cost her the job.
The Fuel Price Stabilization Fund (FEPC) accumulated a debt equivalent to 2.5% of the Gross Domestic Product (GDP) in 2022. As a result, the government has initiated adjustments to the gasoline price to reduce the size of the subsidy provided.
In a recent press conference, Minister of Finance, Ricardo Bonilla, announced that the price of diesel fuel will not be adjusted during the ongoing election campaign until gasoline prices have been stabilized.
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