Servicios
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Network analysis has been applied to identify systemically important financial institutions after the 2008 financial crisis. Such applications have stressed the importance of centrality within the too-connected-to-fail concept.
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The recent pension reform, formalized by Law 2381 of 2024, has introduced a new Comprehensive Social Protection System for Old Age, Disability, and Death of common origin. This reform establishes a system of four pillars: solidarity, semi-contributory, contributory, and voluntary savings.
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Intervención del doctor José Darío Uribe Escobar, Gerente General del Banco de la República, ante un grupo de inversionistas internacionales reunidos en la ciudad de Cartagena que asisten al Seminario ofrecido por Bear Sterns.
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On April 26, 2024, the Executive Board of the International Monetary Fund (IMF) approved a successor two-year arrangement under the Flexible Credit Line (FCL) for 6,133.5 million Special Drawing Rights (SDR) (i.e. 300% of the country’s quota at the Fund), equivalent to about USD 8.1 billion. This…
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1. Overall results of the balance of paymentsDuring the third quarter of 2023, the current account of Colombia’s balance of payments registered a USD 2,293 million (m) deficit, equivalent to 2.3% of quarterly GDP. In turn, the financial account, including the change in reserve assets (USD 496 m),…
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1. Overall Results for the Balance of PaymentsDuring the third quarter of 2024, Colombia’s current account of the balance of payments registered a deficit of USD 1,669 million (m), equivalent to 1.6% of the quarterly Gross Domestic Product (GDP). In turn, the financial account, including changes in…
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High Level Conference on “Macroprudential Policies to Achieve Financial Stability,” organized by the Banco Central del Uruguay and the IMF.
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The series Cuadernos de Historia Económica is a publication of Banco de la República in Cartagena. The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.
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The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.
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In Colombia, agreements are hard to reach. However, there was consensus in the National Constitutional Assembly, among the participants from different ideologies and parties, on the advisability of comprehensively reforming Banco de la República and turning it into an independent central bank. The…
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This online course will contribute to generating knowledge on economic issues. Its purpose is to foster an understanding of macroeconomics and monetary, exchange rate, and credit policy issues among the Colombian population
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The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.
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On Monday, December 23, Leonardo Villar, Governor ofBanco de la República (the Central Bank of Colombia) and Piedad Urdinola, Director of the National Administrative Department of Statistics (DANE in Spanish) formalized an inter-administrative cooperation agreement for the exchange of information…
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Banco de la República (the Central Bank of Colombia) summons students of economics to participate in the Central Banking Course which will be held in person in Bogotá with support from the Pontificia Universidad Javeriana, in Cali for students from the southwest region, and online for other regions…
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Banco de la República invites children and young people from across the country to participate in Global Money Week (GMW) with economic education activities designed to encourage informed and conscious financial decision-making. Banrep will host various activities aimed at raising awareness about…
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The development of this agenda includes the decision to promote an Instant Payments System (IPS), an analysis to expand the offer of cross-border payments, and, subsequently, the review of the advisability of issuing a digital currency.The design of the Instant Payments System is carried out…
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The installation of the Forum took place on 18 April 2023 at the Events Center of the Luis Ángel Arango Library, with the participation of the main actors of the retail-value payments ecosystem.Ana María Prieto, Payment Systems Department Director of Banco de la República, pointed out the…
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The EDGE certification is based on high global standards, including international legislation on gender equity and intersectionality. After a rigorous assessment, Banco de la República (the Central Bank of Colombia) obtained this certification, thus becoming the second central bank in Latin America…
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In its session today, the Board of Directors approved Banco de la República's (the Central Bank of Colombia) financial statements for the 2024 fiscal year. The Auditor General for the Bank and KPMG S.A.S., the external audit firm, issued an unqualified opinion on these statements. Prior to this,…
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The COVID-19 pandemic caused an economic contraction and an increase in the unemployment rate unprecedented in Colombia’s history. At the time of its greatest impact, in April 2020, through the Economic Tracking Indicator (ISE in Spanish), the National Administrative Department of Statistics (DANE…
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Economists Laura Carla Moisá-Elicabide and César Augusto Giraldo-Giraldo will participate in their first meeting as members of the Board of Directors of Banco de la República (the Central Bank of Colombia) on Friday, February 28. They join the Board as successors to Roberto Steiner-Sampedro and…
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This year, coinciding with the celebration of its 100th anniversary, Banco de la República (the Central Bank of Colombia) received the ‘Carbon Neutral’ certification from Bureau Veritas. This recognition indicates that the Bank has taken the necessary measures to mitigate and offset its CO2…
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In 2019 and 2020, Banco de la República (the Central Bank of Colombia) showed historically high profits, which amounted to 7.1 trillion and 7.5 trillion Colombian pesos, respectively. This was mainly due to the extraordinary yields of foreign reserves (FRs), which totaled 7.6 trillion and 6.6…
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ApproachThe Colombian labor market is characterized by high and persistent labor and business informality, a phenomenon commonly observed in many developing countries. According to the Colombian Household Survey (Gran Encuesta Integrada de Hogares - GEIH in Spanish), the labor informality rate in…
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