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Top related persons:
Ricardo Bonilla - 1 Susana Vera - 1 Bonilla - 1 Gustavo Petro - 1 Jorgelina - 1 Julia Symmes Cobb - 1 Mark Potter - 1 Helen Popper Our - 1
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Marrakech Morocco Rights MARRAKECH Israel Hamas Rosario
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4 mentions found


☆ Colombia eyes two rate cuts before year-end, finance minister says
  + stars: | 2023-10-14 | by ( Jorgelina Do Rosario | Thomson Reuters | Jorgelina Do Rosario Is Emerging Markets Correspondent At Reuters Based In London | ) www.reuters.com   time to read: +2 min
"The expectation is for another cut in December," Bonilla told Reuters on the sidelines of the World Bank and International Monetary Fund meetings in Marrakech. "The message of reducing the key rate is for all the banks, because today the rate is an obstacle for economic recovery," he added. The central bank held the key rate steady at 13.25% in September for the third time in a row, citing stubborn inflation. That was down from highs in 2022, but still more than double the central bank's long-term target of 3%. The central bank's technical team expects Colombia's economy to grow 0.9% this year, compared with an expansion of 7.3% in 2022.
Persons: Ricardo Bonilla, Susana Vera, Bonilla, Gustavo Petro, Jorgelina, Julia Symmes Cobb, Mark Potter, Helen Popper Our Organizations: Colombia's, Reuters, International Monetary Fund, World Bank, REUTERS, Rights, Colombian Finance, Thomson Locations: Marrakech, Morocco, Rights MARRAKECH, Israel, Hamas, Rosario
☆ Davos 2023: Global trade rethink: 'race of the big pockets'?
  + stars: | 2023-01-19 | by ( Mark John | ) www.reuters.com   time to read: +5 min
SummarySummary Companies US climate bill concerns dominate Davos trade talkSome fear "rich-country game" of rising state subsidiesRevamped globalisation must benefit all, Davos toldDAVOS, Switzerland, Jan 19 (Reuters) - The United States pitched its vision of "worker-centric" trade. "I am very concerned," World Trade Organization (WTO) chief Ngozi Okonjo-Iweala told Reuters on the sidelines of the meeting in Davos, Switzerland. Three decades of free global trade have, the International Monetary Fund estimates, lifted more than a billion people out of extreme poverty. The United States notably built into its trade pact with Mexico a mechanism for identifying and dealing with the denial of worker rights. U.S. Trade Representative Tai told a panel on Wednesday the United States wanted to "lead a conversation" on a new version of globalisation.
☆ Mexico's AINDA seeks $600 mln to kickstart fund, Colombian business
  + stars: | 2022-12-20 | by ( Valentine Hilaire | ) www.reuters.com   time to read: +2 min
Its foray into Colombia seeks to collaborate with the government's infrastructure plans, with AINDA set to open offices in the South American country by next year's second quarter, Rodriguez said. In Mexico, Rodriguez emphasized potential investments in logistics, citing the Pacific ports of Manzanillo and Mazatlan, but declining to go into detail. Rodriguez added that the ESG-focused fund will continue to evaluate other Mexican energy projects, citing possible investments in electricity transmission, without being more specific. But Rodriguez said he nonetheless sees opportunities to invest in "green efforts" that can compliment the government's energy priorities. Reporting by Valentine Hilaire; Editing by David Alire Garcia and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.
☆ Colombia's finance minister asks central bank to discuss futures markets liquidity
  + stars: | 2022-10-27 | by ( ) www.reuters.com   time to read: +2 min
BOGOTA, Oct 26 (Reuters) - Colombian Finance Minister Jose Antonio Ocampo has asked the country's central bank to discuss liquidity in futures markets in its monthly meeting this Friday, he said on Wednesday, at a time when local currency and public debt are experiencing turbulence from domestic uncertainty. "There is an issue that I have asked the (central) bank for us to discuss on Friday about futures markets, about how liquid or not those futures markets are," Ocampo told reporters. In 2020, during the worst of the coronavirus pandemic, Colombia's central bank took extraordinary measures to boost liquidity, such as foreign exchange hedging via auctions for the sale of dollars through forward operations, or "swaps." In a recent Reuters poll, 12 out of 14 analysts forecast the central bank will raise its benchmark interest rate by 100 basis points to 11% on Friday. One of the analysts projected a hike of 75 basis points and another forecast an increase of 50 basis points.
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