In May 2023, Colombia witnessed a dramatic 39% boost in coffee production, hitting 1.12 million 60-kg bags. This significant upswing from the previous year’s 806,000 bags also eclipsed April’s numbers by over 50%. As beans journeyed from farms to global markets, exports rose by 10%, totaling 933,000 bags for the month. Over the initial five […]
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By Vandré Kramer (Opinion) A “surprise” component in the proposed constitutional amendment (PEC) for tax reform, already approved by the Chamber of Deputies and now under review by the Senate, aligns Brazil with a practice prevalent in Argentina: taxation on exports. This provision, included at the eleventh hour before the vote on PEC 45, allows […]
Colombian Business Confidence Wavers Amid Economic Uncertainty
The latest Business Opinion Survey from Fedesarrollo reveals a mixed picture of Colombia’s economic landscape. September’s data indicates a decline in overall business confidence. However, industrial confidence has rebounded into positive territory for the first time since February. The Commercial Confidence Index (Ico) dipped to 12.2% in September, down 1.6 percentage points from August’s 13.8%. […]
