Other COVID-19 news and developments

Starting 1 October 2020, the Cultural Centers of Banco de la República will reopen their spaces and offer services gradually while strengthening their virtual services. The opening will be made differentially according to the evolution of the epidemiological warning indicators in each of the 29…

Banco de la República (the Central Bank of Colombia) has opened the registration and digital reception of essays for the 11th national essay-writing contest De la banca escolar a la banca central, aimed at students of grades 10, 11, and 12 from educational institutions throughout the country.…

The Covid-19 pandemic brought about an unprecedented deterioration of the Colombian labor market, both in terms of its pace and magnitude. About a quarter of pre-crisis employment was destroyed in March and April, and while a slight upturn in occupation occurred in May, its annual falls continue…

With figures to February 2020, when the health emergency on account of COVID-19 had not been decreed yet in the country, the labor market exhibited a moderate recovery in employment in the urban area, while the deterioration in the rural sector continued.

The good performance of urban…

In its virtual meeting today, the Committee for the Coordination and Surveillance of the Financial System, whose members are the Minister of Finance, the Governor of the Central Bank, the Financial Superintendent, and the Director of FOGAFIN (National Deposit Insurance Fund), analyzed aspects…

Today, the Executive Board of the International Monetary Fund (IMF) approved the renewal of the country's Flexible Credit Line (FCL) with that institution by the amount of SDR 7.8496 billion (i.e., 384% of Colombia's quota), which is equivalent to about USD 10.8 billion

The files (folders) of those interested in participating in the calls for studies abroad for Colombian citizens 2020 (PhD in Economics, graduate studies in Economic Law, and young musical talents) will be received digitally by email at: DDHB-…

The Economic Education Section hereby informs that the deadlines and conditions of the essay contest “De la banca escolar a la banca central” have been modified to ensure the participation of every school in the country. Please read the following information carefully:

New Deadlines

The United States Federal Reserve has guaranteed Banco de la República access to repos through FIMA. This facility has been open since 6 April 2020. Eligible institutions are central banks with custody accounts for US Treasury securities at the Federal Reserve. Banco de la República would make…

The Executive Board of the International Monetary Fund (IMF) met on April 9 to conclude the Article IV consultation with Colombia. In its report, the IMF highlights the country's macroeconomic policy framework and the short-term response to the effects of the COVID-19 pandemic. The flexible…

Kristalina Georgieva, Managing Director of the International Monetary Fund, recommends to the Executive Board to approve the renewal of the Flexible Credit Line for Colombia.