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LatinNews Regional Monitor: Andean Group - 22 March 2019

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In brief: Colombia

* Colombia’s national federation of coffee growers (FNC) has welcomed the government’s decision to invest Col$155bn (US$50m) to stimulate the country’s coffee sector. According to the FNC, President Iván Duque’s government has committed to a further Col$60bn, after first announcing the allocation of Col$95bn (US$30m). The use of these resources is still to be determined, with the FNC saying they could be destined to the renovation of coffee plantations and to price-assistance programmes. Colombia’s coffee sector has been going through a crisis as a direct result of a global fall in coffee prices, which affects 500,000 coffee-growing families across the country, according to the FNC.