Carlos Vargas

UPDATE 1-Colombia's economy contracted 9% in third quarter, more than predicted

Nov 17 2020

BOGOTA, Nov 17 Colombia's economy shrank 9% in the third quarter compared with the same period last year, the government said on Tuesday, as it continues to feel the effects of the coronavirus pandemic and a long lockdown.

Colombia's congress approves $81.7 bln budget for 2021

Oct 20 2020

BOGOTA, Oct 20 Both houses of Colombia's congress gave final approval to a 314 trillion peso ($81.7 billion) budget for next year, as the Andean country looks to invigorate an economy pummeled by a coronavirus lockdown.

Colombia sees national income falling by $6.6 billion this year

Jun 05 2020

BOGOTA Colombia's government estimated national income could fall by 23.7 trillion pesos ($6.58 billion) this year, as the coronavirus lockdown and low oil prices batter the Andean country's economy.

Bolivian city gives out free doses of de-worming drug in bid to combat coronavirus

May 19 2020

TRINIDAD Officials in the Bolivian city of Trinidad launched a campaign on Monday to give out free doses of the anti-parasite drug ivermectin in a bid to combat the coronavirus in the country's hard-hit eastern region.

Colombians march in second national strike as week of protest rolls on

Nov 27 2019

BOGOTA Colombian unions and student groups held their second national strike in less than a week on Wednesday to honor a dead demonstrator and protest rumored government economic plans, corruption and police violence. | Video

Colombian protests end with tear gas, curfew in city of Cali

Nov 21 2019

BOGOTA Colombian unions, student groups and other protesters marched on Thursday against rumored economic reform plans and amid rising discontent with the government of President Ivan Duque, while the city of Cali imposed a curfew from 7 p.m. | Video

Colombia's Duque must get reforms through Congress to safeguard economic recovery

Aug 07 2019

BOGOTA President Ivan Duque must push pension and energy reforms through a hostile and polarized congress over the next year if Colombia's slow and uncertain economic recovery is to take root, analysts and lawmakers said.

Colombia to divest stakes in companies with low profits, official says

Jul 10 2019

BOGOTA The government of Colombian President Ivan Duque has started a plan sell off public stakes in low-profit companies, expecting to generate more than $1.9 billion a year for more lucrative investments, a finance ministry official told Reuters.

Number of Venezuelan migrants could double to eight million: OAS

Jun 28 2019

BOGOTA Some 5,000 Venezuelans leave their country each day, the Organization of American States (OAS) said in a report on Friday, and the number of migrants from the oil-producing country could double to 8 million by the end of 2020.

Colombian Duque's bid to change peace deal rattles sabers, but war unlikely

Mar 17 2019

BOGOTA President Ivan Duque's call for changes to key peace legislation has prompted former rebels to warn he has put Colombia on the path to war, but with his government on a weak footing in Congress, major revisions that could reignite conflict seem unlikely.

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