Economy

Workers with income between 1 and 3 current legal monthly minimum wages, single, university students and women, They are the categories that have the most debtors in the annual analysis prepared by the credit repair company Resolve Tú Debt, based on the figures of its users. (The difference between a co-signer and a guarantor). In the case of Colombia, the increase in women who will decide to resort to credit repair to settle their obligations stands out, since they came to represent about 52% of the population surveyed, while the remaining 48% correspond to men.Experts in personal finance from the…

In October 2022, the Country Risk Premium of Colombia at 10 yearsMeasured by Credit Default Swaps, or better known as CDS, it has been increasing, in 10-year dollars, it reached 429 basis points, its highest level since March 2009. That risk premium, country risk or sovereign risk, is the premium that a country pays to finance itself in the markets, compared to another country.(Read: 'Regulatory bodies must be independent': Creg responds to Petro). In the case of Colombia, the comparison is made with the United States, which is the reference country for the area and therefore, The risk premium is…

Following President Gustavo Petro's decision to regulate public services, the Committee of Experts of the Creg Make sure that regulatory bodies should always have an independent nature in order to ensure that their decisions are objective, impartial, consistent and technical.(You can also read: Uncertainty round the electricity sector due to Petro announcements) “This allows regulated agents, as well as the general public, to perceive objectivity, neutrality and transparency on the part of the State. It ensures that the State achieves that the agents adapt their conduct to the constitutional and legal fines of respect for economic and business freedom, while…

The announcement by the president of Colombia, Gustavo Petro, to take the powers of administration and control of public services such as water, electricity and telecommunications tosupported by article 370 of the Constitution and article 68 of Law 142 of 1994, despite being supported by law, causing great controversy due to its effects on the market. According to Camilo Sánchez, president of the National Association of Public Services and Communications Companies (Andesco), institutionality cannot be done away with, much less ignore key technical aspects in setting energy rates and other public services, since this can have serious consequences going forward.Without…