Economy

Analysis: The 'behind-the-scenes' reasons for the clash over the April interest rate hike in Colombia

Germán Ávila, Minister of Finance and Public Credit Photo: Ministry of Finance and Public Credit

Cartagena Neighborhoods That Will Be Without Power This Monday, April 6: Schedules

The company Afinia announced scheduled interruptions of electrical energy service in Cartagena de Indias for April 6, 2026, due to maintenance and optimization of electrical networks.

What is the average price for renting a two-bedroom apartment?

Amidst a real estate market that continues to adjust to the country's new economic dynamics, renting is consolidating as the main option for Colombians.

Nicaragua Inaugurates Second Section of La Costanera Highway to Boost Connectivity and Tourism

The Minister of Transport and Infrastructure, Óscar Mojica, highlighted that this project represents a significant advance for the development of the south of the country.

The Minister's Slam!

In an unprecedented event, the Minister of Finance and Public Credit (MHCP), Germán Ávila, resigned from participating in the Board of the Bank of the Republic, disagreeing with its decision to increase the intervention rate by 100 basis points to 11.25%, through, in his opinion, 'the use of a barely legitimate majority.' This majority on the Board, composed of 7 members, includes 3 appointed by the President of the Republic, Gustavo Petro, and manager Leonardo Villar, whose term was unanimously renewed, with the vote of the former Finance Minister of this government, Ricardo Bonilla.

The Implications of the Illegal Economy

The size of the illegal economy in Colombia is enormous. For drug trafficking, Daniel Mejía, a professor at the Universidad de los Andes, estimated that revenues from cocaine sales represented US$15.3 billion in 2023, approximately 4.2% of the Gross Domestic Product (GDP) and higher than oil exports (US$12.435 billion). An economic activity of this magnitude has many implications for the national economy.

Boyacá Lottery Results of April 4, 2026: Find Out the Grand Prize

The Boyacá Lottery drawing took place this Saturday, April 4, 2026, as is traditional in Colombia, generating expectation among thousands of bettors who were waiting to find out the winner of the grand prize.

Despite the difficult situation due to the break between the Ministry of Finance and the Central Bank, uncontrolled inflation is not foreseen

Experts rule out uncontrolled inflation, but foresee a rebound in 2026. Photo: iStock

Discharge operations of the Russian tanker with 100,000 tons conclude in Cuba

The discharge operations of the 730,000 barrels of crude, equivalent to 100,000 tons, that the Russian tanker Anatoli Kolodkin brought to Cuba this week, concluded this Saturday at the supertanker base in Matanzas Bay, western Cuba. EFE “It was a satisfactory unloading process (…) and although these 100,000 tons are not the definitive solution, they do alleviate the country's energy situation. We are already preparing the arrival of the crude oil at the refineries for its treatment,” explained the deputy director of the state-owned Unión Cuba-Petróleo (Cupet), Irenaldo Pérez Cardoso.

Colombian Economy Likely Grew 2.4% in Q1 2026: Sector Performance Revealed

The performance of the Colombian economy in the first quarter of 2026 would have presented a scenario of deceleration, with projected growth between 2.4% and 2.5%, below the 2.7% of the same period in 2025.

Hotel occupancy reaches 100% in Falcón during this Holy Week

Authorities in the state of Falcón reported that hotel occupancy in the Paraguaná Peninsula reached full capacity during this Holy Week 2026. Jorge Díaz, mayor of the Falcón municipality, noted that the entity's various beach resorts have recorded high numbers of visitors during the holiday. "With great satisfaction, I inform all of Venezuela, all of the state of Falcón, that we have 100% hotel occupancy, with all available beds fully occupied in our Falcón municipality, and this is reflected in each of our bays," he stated. He also indicated that there has been an increase in tourists compared to previous periods, especially in Adícora, Buchuaco, and El Supí. Díaz added that various security forces in the entity are deployed to guarantee the safety of citizens and the protection of natural spaces.

What is the cost of some credit cards in Colombia

Portafolio Journalist 04.04.2026 15:39 Updated: 04.04.2026 15:47