Colombia’s state-owned commercial bank Bancoldex announced the creation of a financial instrument for exporters for mitigating risk in international trade negotiations.
The new device, called the Compra de Cartera Internacional, is also said to allow entrepreneurs to receive their money in a timely manner, improve cash flow and increase sales to foreign buyers. It is intended specifically for companies that export to countries in which they have allied banks, such as Ecuador, Peru , Mexico and Brazil. It is also said to have benefits for importers such as better payment terms and improved line of credit.
Comment / News Review | By Peter Bolton
Four of Colombia’s sugarcane unions united at a press conference last month to denounce abuses against workers in the sugar industry. Sintrainagro, Sintracatorce, Sintracañazucol and Sinaltrainal met for the first time in years to sign a resolution which set forth common concerns faced by labour activists in the sugar sector and agreed to a set of recommendations and actions for the future.
The document made condemnations of “violence and impunity against union leaders” such as the assassination of Sintrainagro leader Carlos Pérez Muñóz which took place in January of this year. Muñóz’s death has been given as proof that unionist in Colombia are still under considerable risk from targeted violence. Despite a decrease in assassinations of unionists in recent years, Colombia remains the most dangerous country in the world for trade unionists. The resolution also condemned continued threats against leaders and the failure of the National Protections Union to provide guarantees for their organizations.
Published On: Wed, Jul 31st, 2013 Comment | By Peter Bolton
Pacific Rubiales Energy has over the last decade grown to be the largest independent oil company in South America. A result of a myriad of mergers between different companies, it can trace its presence in Colombia back to 1982 and made big inroads in the country with the 2008 acquisition of Kappa Energy. The Toronto-based oil giant today extracts around 20% of Colombia’s oil and has surpassed BP and Occidental to become the country’s largest extractor of oil behind the state-owned Ecopetrol.
The multinational giant, however, has been mired in controversy over the last few years. In 2011 it was embroiled in a clash with the Colombian government over security (. The company threatened to bring a halt to production unless they were given guarantees over security. Next year in 2012 it was put under investigation for obstructing environmental regulation by failing to provide a environmental compliance report and giving false information to environmental authorities.
By Peter Bolton and Alejandro Gonzalez
Along Bogotá’s iconic Carerra Septima, a semi-pedestrianized street usually bustling only with local Bogotános buying from the stores and street vendors lining the thoroughfare, a very different sight was seen on April 9. A sea of people from all across Colombia marched with a common desire for an end to the country’s armed conflict. They lined the streets in a lively procession, including dancing, music and performance. Countless people waving flags, holding banners, and wearing symbolic T-shirts marched to the city’s famous Plaza de Bolívar, united by a common desire for peace.
One of the largest mobilizations for peace in recent memory, the march was planned to coincide with and support talks taking place in Havana between the Colombian government and the armed rebel group FARC. The talks, which began last year in Oslo, before moving to Havana, are of huge significance, given the hard-line stance taken by Colombia’s former president Álvaro Uribe, and considering that the current president, Juan Manuel Santos, a former defense minister in Uribe’s government, has committed such a bold about-face by engaging with the FARC. Significant gains have already been made. For example, a chief government negotiator recently announced that an agreement had been reached on the central issue of land.
Rallies held in support of peace talks with the Farc but critics fear movement being used as a front for rebels’ return to politics
Peter Bolton in Bogotá and Jonathan Watts, Latin America correspondent guardian.co.uk, Wednesday 10 April 2013 02.50 BST
Tens of thousands of Colombians have taken to the streets of Bogotá in support of peace talks aimed at ending Latin America’s longest-running insurgency.
Wearing white, playing music and chanting “We want peace,” the dense crowds marched towards the Plaza Bolivar where they were joined by President Juan Manuel Santos.