Investments and Business

On Friday of the previous week, a few hours after the board of directors of the Banco de la República, by majority vote, made the decision to raise its interest rate, which sets the course of the cost of credit in colombiaup to 12.75 percent, the Financial Superintendence announced the limit to which money could be lent in the country without incurring in the so-called crime of usury.(Read also: Find out how to avoid debts from making your life miserable in a year with difficulties) The news was not encouraging at all, especially for those who among their planes are…

Tuesday will mark six months since that next sunny August afternoon when gustavo petro assumed the Presidency of the Republic. Since then, Colombians have watched the future of someone who embodies a break with the past, both in style and substance.(Read also: The key points that are articulated in the Development Plan, according to draft) With regard to the way of exercising the first position of the nation, the emphasis on speeches with a high ideological content and a good dose of symbolism stands out, together with an evident lack of interest in management. Although sometimes reality forces him to…

The Government begins to break that kind of "secrecy" of the structural reforms that it is preparing and seeks to agree with companies, workers and users on the amendments they propose. In the following dialogue between the author of the interview and the Minister of Labor, Gloria Inés Ramírez, she explains the bases of the pension reform; She also announces that a fight against "drop by drop" loans will begin and criticizes fixed-term contracts. I open the conversation around the pension reform. What, in essence, Madam Minister, is the reform of the pension system that is being discussed in the…

While the International Monetary Fund (IMF) begins to see that the threat of recession is diminishing in some countries and increases its economic growth forecasts for 2023, the opposite is happening in Colombia and it is more pessimistic compared to what it expected in October from last year."Adverse risks have moderated since October and some positive factors have gained relevance", highlighted the IMF in its updated estimates of the world economy published on January 30. However, it also said that the risks to the outlook remain tilted to the downside.(Also read: IMF: Colombia, Haiti and Chile will have the lowest…