Tag: minhacienda

The market is responding favorably, the Treasury Department says before the fall of the dollar

The market is responding favorably, the Treasury Department says before the fall of the dollar

Treasury Secretary Ricardo Bonilla assured that the fall of the dollar below the $4,000 mark is a favorable market response to the fulfillment of the national government’s commitment to the fiscal rule. Speaking to businessmen from Colombia, Peru, Chile and the United States at a meeting this Tuesday, he claimed that the market could verify […]

CAF will develop a new strategy in Colombia

CAF will develop a new strategy in Colombia

CAF -Development Bank of Latin America and the Caribbean- presented a new four-year strategy for Colombia, with an agenda to help the country emerge from the middle-income trap and capitalize on its competitive advantages in environmental, agricultural and human talent. This initiative is based on four pillars (rural development, commitment to justice, sustainable productive transformation […]

Government paid Ecopetrol more than $8 billion in fuel subsidies

Government paid Ecopetrol more than $8 billion in fuel subsidies

Ecopetrol confirmed that through Resolution 1612 of June 29, 2023, the Treasury Department recognized the amount of approximately $8.37 billion for the settled Fuel Price Stabilization Fund (Fepc) obligations in favor of the company Colombian. According to Ecopetrol, these obligations correspond to the second quarter of 2022. This transaction was recorded in accordance with what […]

“We must prevent monopolies”: minhacienda on Gilinski’s new purchase

“We must prevent monopolies”: minhacienda on Gilinski’s new purchase

Jaime Gilinski left determined, with his shopping cart, to take advantage of every good investment opportunity that came his way. This time, the president of one of the largest business conglomerates in Colombia made a purchase offer for the company Almacenes Éxito for $ 836 million. The proposal from the owner of GNB Sudameris comes […]

The Acpm price would not change in 2023: minhacienda

The Acpm price would not change in 2023: minhacienda

For his part, Bonilla said that the national government expects a correction of the current account deficit in the medium term in the context of the reindustrialization and energy transition that the country is going through. “In the context of the just energy transition, the government wants to promote 3 transitions: productive and export diversification, […]

The interest rate hike is over: minhacienda in Fiscal Framework presentation

The interest rate hike is over: minhacienda in Fiscal Framework presentation

Within these projections, the head of the treasury portfolio explained that inflation is expected to be higher by the end of this year by an indicator of 9.2%. “Inflation originally forecast at 7.2% in December, no one expected it to reach more than 13% in March of this year and that’s why we’re seeing a […]

We have inflation under control: Minister of Finance

We have inflation under control: Minister of Finance

Finance Minister Ricardo Bonilla highlighted the inflation results released by Dane, in which the annual variation for the month of May was 12.36%. “We reached a maximum of 13.34% last March and in May the rate stood at 12.36%, which means that we have already fallen almost 100 basis points,” said the minister. For example, […]

The Ministry of Finance adjusts the addition again: it rises to 16 billion dollars

The Ministry of Finance adjusts the addition again: it rises to 16 billion dollars

Finance Minister Ricardo Bonilla confirmed that another adjustment is being made in what has to do with the size of the country’s budget addition. This addition, which was initially expected at $23 billion, caused a drop of $14.7 billion. But now the panorama is different in terms of numbers as the head of treasury portfolio […]

ANH president was due to resign after presenting a reserve report

ANH president was due to resign after presenting a reserve report

After the publication of the National Hydrocarbons Agency’s (ANH) long-awaited report on Colombia’s oil and gas reserves in 2022, which showed a decrease in both cases, the version that the exit would take place in a few days is gaining momentum. from the president of the entity, Clara Liliana Guatame. Andrés Camacho, adviser to the […]

Decision on new exploration contracts will be taken in 6 months: Bonilla

Decision on new exploration contracts will be taken in 6 months: Bonilla

Finance Minister Ricardo Bonilla assured that the decision to sign new hydrocarbon exploration and production contracts in the country would be made within six months, following the release of a new reserve report from the National Hydrocarbons Agency (ANH). The official explained that this new report will include data that will be assessed, such as […]

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