The Colombia-founded company has processed more than 100 million transactions and works with nearly 100 retailers and marketplaces

Instacart, a US grocery technology company serving more than 2,200 retail banners and nearly 100,000 stores, announced the acquisition of Instaleap, a Colombia-founded fulfillment and retail technology platform operating in nearly 30 countries, in a deal whose financial terms were not disclosed.

The transaction represents one of Instacart’s most significant international moves since going public in 2023 and strengthens its expansion outside North America, particularly in Latin America, Europe and the Middle East.

Instacart, which trades on Nasdaq under the ticker CART, is seeking to expand its enterprise technology platform focused on omnichannel commerce and the digital transformation of supermarkets and retailers.

“We see a meaningful opportunity to expand internationally through an enterprise-led strategy that empowers retailers across the globe to meet the evolving omnichannel needs of their customers,” Ryan Hamburger, chief commercial officer at Instacart, said in the company’s statement.

Global expansion driven by Latin American technology

Instaleap develops software solutions for supermarkets, pharmacies and consumer goods retailers, enabling them to manage orders, logistics, picking operations and customer experience across digital channels.

The company has processed more than 100 million transactions and maintains commercial relationships with nearly 100 retailers and marketplaces outside North America, including Cencosud, Éxito, Makro, Continente, Jerónimo Martins (owners of Tiendas Ara), Lulu, and SPAR.

The acquisition also allows Instacart to accelerate its presence in regions where it previously had limited operations. The company had already begun deploying products such as Storefront Pro and its AI-powered Caper Carts in Europe and Australia but lacked a consolidated network in Latin America and the Middle East.

Instaleap to continue operating as subsidiary

According to the companies, Instaleap will initially continue operating as a wholly owned subsidiary of Instacart to ensure continuity for existing customers during the integration process.

“We’ve built our platform with a deep focus on the unique needs of grocery retailers across diverse international markets. Joining Instacart enables us to scale our impact with the support of a trusted partner that shares our commitment to retailer success,” said Antonio dos Santos Nunes, CEO and co-founder of Instaleap.

The company was founded in Colombia in 2019 by Portuguese entrepreneurs Antonio dos Santos Nunes and Margarida Freitas, the company’s current COO. Both joined the global entrepreneurship network Endeavor in 2025.

The companies did not disclose whether Instaleap’s current management team will remain in place after the transition period.

E-commerce growth fuels regional expansion

The announcement comes amid sustained growth in e-commerce across Latin America, particularly in Colombia.

According to figures cited in the statements, Colombian e-commerce grew 19.9% in 2025, reaching $684.6 million USD transactions, while the regional online grocery market surpassed $3.62 billion USD last year.

Instacart reported adjusted EBITDA of $1.09 billion USD in 2025, representing 23% year-over-year growth, along with 312 million processed orders.

With the acquisition, the company expects to gradually extend additional solutions to Instaleap’s clients, including e-commerce services, retail media, artificial intelligence and in-store technology.

Ecuador’s decision to lower tariffs starting June 1 could mark the beginning of a de-escalation in tensions with Colombia

The government of Ecuador, led by President Daniel Noboa, announced a reduction in the so-called “security tariff” applied to imports from Colombia, lowering it from 100% to 75% effective June 1, 2026.

The decision was announced in an official statement from Ecuador’s presidency, which said the measure “reaffirms the national government’s willingness to move toward bilateral cooperation mechanisms on security matters, promoting greater coordination between both countries and strengthening the development of the border region.”

More information about the “security tariff”: Colombia and Ecuador Escalate Trade Tensions with Tariffs Raised to 100%.

Political tensions and tariff dispute

Differences between the governments of Gustavo Petro and Noboa have escalated since 2025, driven by political, commercial and border security disagreements.

In April 2025, Petro initially said he could not recognize Noboa’s election, arguing that Ecuador’s electoral process had taken place “under a state of emergency” and with military presence during voting. However, he later reversed his position and attended Noboa’s inauguration ceremony on May 24, 2025, in Quito.

Since then, both countries have faced disputes related to border security, trade and energy transportation, leading to a gradual escalation in tariffs. Import duties increased progressively from 30% to 50% and later reached 100% on April 9, 2026.

Read: Colombia to Reinforce Border Security with Ecuador Amid Escalating Trade Tensions.

“Unfortunately, it is not possible to reach agreements with someone who does not share the same commitment to fighting narco-terrorism. Since we adopted this measure, violent deaths along the northern border have decreased by 33%. In the future, it will be possible to talk with a government that is truly committed to fighting crime and drug trafficking,” Noboa wrote on X on April 10, 2026, while defending the tougher trade measures.

Signs of de-escalation

The tariff reduction announced by Ecuador coincides with the Colombian government’s earlier decision not to raise its own tariffs to 100%, a move seen as a sign of moderation that could help ease diplomatic and commercial tensions between the two countries.

The dispute has particularly affected Colombian border regions such as Nariño and Cauca, which are already facing security challenges linked to the presence of illegal armed groups and recent violent attacks.

Read: Rising Violence in Colombia: Highway Explosion Leaves 21 Dead, Dozens Injured.

Colombia’s Minister of Commerce, Industry and Tourism, Diana Marcela Morales Rojas, said that “what we are seeing is that Ecuador’s initial strategy did not produce the expected effects on Colombia and instead generated distortions within its own trade system.”

In that regard, “Colombia has maintained and will continue to maintain a permanent willingness for technical dialogue and cooperation, with the same seriousness with which it adopts its policy decisions. Along that path, we are ready to move forward,” the minister added on X.

Meanwhile, Colombian Foreign Minister Rosa Villavicencio said during an interview broadcast by La FM that the government would seek to “resume dialogue with Ecuador in hopes of restoring relations, reducing those tariffs and returning to the trade flow we previously had.”

Despite 13 campaigns underway, only five candidates’ poll above 2.5% in voter intention

Colombia is heading toward the first round of presidential elections on May 31, 2026, with 13 candidates in the race, in a scenario marked by political fragmentation and a strong concentration of voter support among a few contenders.

The next president will take office on August 7, following the end of President Gustavo Petro’s term, marking the transition from the country’s first left-wing government in recent history.

According to pre-election polls, only five candidates exceed 2% in voter intention, leaving most with limited chances of reaching the presidential palace. Among the leading contenders are Iván Cepeda, the candidate of the ruling Pacto Histórico, who leads polls with between 35% and 43% support; right-wing candidate Abelardo de la Espriella, with between 16% and 24%; and Paloma Valencia of the Centro Democrático party, with between 14% and 21%.

A second group includes centrist candidates Claudia López, polling between 3% and 4%, and Sergio Fajardo, at around 2.5%, reflecting a fragmented vote within that political segment.

Vice presidential picks shape campaign strategies

As the campaign unfolds, candidates have selected their running partners as a key strategy to broaden their electoral appeal.

Iván Cepeda has chosen Aida Quilcué, an Indigenous Nasa leader from southwestern Colombia, reinforcing the campaign’s leftist profile and its emphasis on including historically marginalized communities in political decision-making.

Quilcué has served as a governor and Indigenous authority in her community and, like Cepeda, is a victim of Colombia’s armed conflict: her husband was killed by state agents in 2008. She has been affiliated with the Regional Indigenous Council of Cauca (CRIC) and the National Indigenous Organization of Colombia (ONIC). She presents herself publicly as an Indigenous leader, human rights defender and senator (2022–2026), without reporting formal higher education credentials.

Abelardo de la Espriella has selected former Finance, and Commerce, Industry and Tourism Minister, Juan Manuel Restrepo, as his running mate, forming a ticket focused on security and economic strengthening. “That is a capability I have because I understand productivity, competitiveness and economic development,” Restrepo told La Silla Vacía during his registration.

Restrepo is an economist with a specialization in finance from Rosario University, a master’s degree in economics from the London School of Economics, a specialization in senior management from INALDE Business School, and a doctorate in higher education leadership from the University of Bath. He has also served as rector of three major universities in Colombia.

Juan Daniel Oviedo, a former Bogotá city councilor, is running alongside Paloma Valencia of the Centro Democrático party. As economist from Universidad del Rosario, Oviedo holds a master’s degree in mathematical economics and econometrics and a Ph.D. in economics from the University of Toulouse in France.

He previously served as head of Colombia’s National Statistics Agency (DANE) during the Iván Duque administration and ran for mayor of Bogotá in 2023.

His vice presidential bid gained momentum after securing more than 1.2 million votes in the March 8 inter-party primary, finishing second. His selection aims to attract centrist and center-right voters and strengthen Valencia’s chances of advancing to a potential runoff.

However, his nomination has sparked controversy, as it marks the first time the right-wing party has chosen a candidate with liberal positions on issues such as women’s rights and LGBTQ+ rights.

Claudia López selected Leonardo Huerta, a university professor of law and philosophy, as her running mate. According to Spain’s El País, he comes from “a working middle-class family,” is the youngest of four siblings, and is married with two children.

Huerta is a lawyer from Universidad Libre and holds a degree in philosophy from the Technological University of Pereira. He has a master’s degree in administrative law and is a doctoral candidate in law. His public sector experience includes serving as education secretary in Pereira and as a deputy ombudsman for health issues during the COVID-19 pandemic in 2020.

Sergio Fajardo selected Edna Bonilla as his running mate, reinforcing a campaign centered on education and dialogue. Bonilla previously served as Bogotá’s education secretary during Claudia López’s administration (2020–2023).

She is a public accountant from the National University of Colombia, holds a tax specialization from Externado University and a doctorate in political studies. During the campaign launch, Fajardo said: “We will work together to deliver the serious and safe change Colombia needs. To move beyond polarization and build bridges instead of trenches.”

Voter participation

According to Registraduría Nacional del Estado Civil, which oversees elections, a total of 41,421,973 citizens are eligible to vote in Colombia and abroad in the first round of the presidential election. Of these, 21,298,492 are women and 20,123,481 are men.

If no candidate secures more than 50% of the vote, a runoff election will be held on June 21, 2026, between the top two candidates.

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National Health Superintendence oversees patients’ rights and regulates EPS insurers, a key pillar of the system that President Petro has sought to eliminate in his reform efforts

Former Medellín mayor and former presidential pre-candidate Daniel Quintero has been appointed as Colombia’s new National Superintendent of Health, a decision that has sparked controversy across political and social sectors due to ongoing judicial and disciplinary investigations against him.

The National Health Superintendence is responsible for safeguarding the rights of users within the health system, overseeing Health Promoting Entities (also called EPS) and Health Service Providers (IPS), and monitoring the use of public finances allocated to the sector, areas that President Gustavo Petro has sought to reform during his administration.

The appointment comes amid a complex situation in Colombia’s health system. During his administration, President Petro presented two structural reform proposals aimed at reshaping the system, including major changes to the role of EPS. Both initiatives were rejected by Congress.

Following these legislative setbacks, the government has pursued reforms through administrative measures and decrees, including the intervention of several of the country’s largest EPS, which together serve more than 23 million affiliates (More information: Colombian President Gustavo Petro Seeks To Restructure Colombian Health Care Despite Congressional Rejection by Finance Colombia).

During his swearing-in, Quintero said his administration would strengthen oversight of the system. “It is time to put an end to abuses by the EPS,” he said.

Criticism over qualifications and legal cases

The appointment has drawn criticism from organizations and political figures who question both his background as an electronic engineer and his legal situation. Transparency for Colombia said the designation “is inappropriate because it places a political figure widely questioned for using public office to favor private interests in charge of addressing the health crisis, instead of appointing individuals with the training, knowledge, and experience required to resolve it.”

The organization also called on the Attorney General’s Office to expedite ongoing investigations. “We respectfully call on the Attorney General’s Office (FGN) to ensure that cases involving Daniel Quintero move forward swiftly, respecting due process guarantees while delivering results in light of the seriousness of the allegations,” it said.

Quintero, who served as mayor of Medellín from 2020 to 2023, faces more than 40 criminal and disciplinary complaints related to alleged corruption during his administration. Among them is the “Aguas Vivas” case, involving the sale of a forest reserve land plot exceeding 140,000 square meters. In that case, prosecutors have already filed charges for alleged embezzlement, undue interest in public contracts, and misconduct in office, although no conviction has been issued.

Criticism has also emerged from within the government. Carlos Carrillo, head of Colombia’s National Unit for Disaster Risk Management, said that “Quintero is currently on trial for crimes against public administration. He has the right to defend himself, but the Pacto Histórico has no reason to bear the political cost of his legal troubles; we owe him nothing and he brings us nothing.”

Quintero will be the fifth health superintendent appointed during Petro’s administration. His tenure is expected to be temporary, as a new president will take office on August 7, 2026, and will have the authority to appoint a new head of the agency.

Petro’s “Total Peace” strategy is under pressure ahead of presidential elections as violence by armed groups escalates

An explosive attack on the Pan-American Highway near the municipality of Cajibío, in Colombia’s Cauca department, left at least 21 people dead and 56 injured, Defense Minister Pedro Sánchez Suárez confirmed.

The attack occurred Saturday, April 25, on one of the main roads in the country’s southwest, an area historically affected by the presence of illegal armed groups.

The minister attributed the attack to alias “Marlon,” described as one of the most wanted leaders in the region, “for whom we are offering a reward of up to $1.4 million USD,” he said.

According to local media reports cited by El Tiempo, “the attack was initially intended to target army troops. However, a change in military plans reportedly led to the explosive being detonated while civilians were passing through the area.”

The impact of the attack was significant. Spain’s El País reported “that the explosion created a large crater, left the road covered in debris, and forced rescue operations that lasted several hours due to difficult access conditions.”

Cauca Governor Octavio Guzmán described the incident as one of the most serious attacks in the region in decades. “What happened on April 25 constitutes the most brutal and ruthless attack against civilians in decades,” he said.

The attack comes amid a resurgence of violence in southwestern Colombia, where illegal armed groups linked to drug trafficking, illegal mining and other illicit economies operate. Authorities continue operations in the area as investigations proceed to clarify the circumstances of the attack and determine responsibility.

According to reports by BBC Mundo, alias “Marlon” is a dissident FARC leader identified as Iván Jacobo Idrobo Arredondo, “the alleged head of the Jaime Martínez structure, part of the Estado Mayor Central (EMC),” one of the country’s most powerful illegal armed groups.

Operations and arrests

As part of response operations, the National Police reported the capture of José Alex Bitoco, alias “David” or “Mi Pez,” identified as the leader of the Dagoberto Ramos structure, another illegal armed faction, who is believed to have acted under orders from alias “Marlon”.

National Police Director Gen. William Rincón Zambrano said the detainee “will have to answer for the wave of terrorist activity” and linked him directly to the attack, stating that “he is responsible for what happened on April 25 in the El Túnel sector on the Pan-American Highway.”

The Defense Ministry reiterated that alias “Marlon” remains a priority target. “He is a high-value target, and we are searching for him with all the capabilities of the state. We have deployed a dedicated intelligence task force to locate him,” Sánchez said, confirming a reward of up to $1.4 million USD for information leading to his capture.

Context: criticism of “Paz Total” policy (Total Peace)

The attack comes amid growing security deterioration in Colombia, intensifying criticism of President Gustavo Petro’s “Total Peace” policy. The Ideas for Peace Foundation (FIP) has warned of a possible failure of the strategy, noting that “less than four months before the end of the government, the lack of progress in peace negotiations and the deterioration of security have become one of the main points of criticism of the Petro administration.”

According to the think tank, during the current administration “the number of disputed territories between illegal actors has nearly doubled, and the number of members in these structures has increased by 85%: they now total more than 27,000 members, including armed individuals and support networks.”

This figure not only represents a significant increase but also places the country at levels similar to, and even higher than, those seen before the peace process with the FARC began. Between 2011 and 2012, the estimate stood at around 26,800 members, compared with 14,600 at the end of Iván Duque’s administration in 2022.

The recent increase has also been rapid. According to the FIP, armed groups grew by 23.5% over the past year (from December 2024 to December 2025), reflecting a swift reconfiguration of these structures. At the same time, violence has intensified. Analysts such as Professor Karol Solís Menco note that over the weekend of April 25–26 alone, “26 terrorist attacks of varying magnitude” were recorded across the country.

Political analysis outlets point to a structural dynamic. According to La Silla Vacía, “Cauca is not experiencing an isolated event, but rather a phase of intensifying territorialized violence, marked by fragmentation among armed actors and a type of violence capable of producing national-level impacts.”

In this context, FARC dissident groups have once again taken center stage in the conflict. “Once again, attention is turning to FARC dissidents. Every attack, every gas cylinder bomb, every assault in Valle and Cauca ends with the same name on the table: the Jaime Martínez structure, one of the strongest groups of Iván Mordisco’s Estado Mayor Central,” El País reported.

Violence indicators also reflect sustained deterioration. “In the first four months of 2026, Colombia has already recorded 48 massacres, with 229 victims, most of them civilians, according to Indepaz. It is the highest figure in the past decade. With these numbers, which represent only a partial picture of the country’s violence, this election year is shaping up to be the most violent since the 2016 peace agreement with the now-defunct FARC guerrilla group,” the same outlet reported.

Cauca, where the attack took place, is considered one of the most sensitive regions. “Cauca is particularly complex because it combines multiple layers of conflict: the historic presence of Indigenous, peasant and Afro-descendant communities; illicit economies; Pacific corridors; disputes over drug trafficking routes; control of the Pan-American Highway; and the presence of FARC dissidents, particularly structures linked to Iván Mordisco,” El País said.

Experts agree that part of the difficulty lies in the design and implementation of the government’s strategy. “Early implementation was a valuable innovation in intent, but it failed to ensure minimum conditions of verification and institutional coherence,” said analyst Germán Valencia of the Peace and Reconciliation Foundation (Pares).

Taken together, these factors have led various sectors to conclude that the “Total Peace” policy faces serious structural limitations amid a scenario of armed fragmentation and territorial expansion by illegal groups.

Despite the suspension being lifted, Wilmar Mejía has resigned from the intelligence agency and is set to lead the Financial Information and Analysis Unit (UIAF)

Colombia’s Inspector General’s Office (Procuraduría General de la Nación) has decided not to extend the three-month provisional suspension imposed on former Chief of the National Intelligence Agency (DNI), Wilmar Mejía, and Army General Juan Miguel Huertas, as part of a disciplinary investigation into alleged links with dissident factions of the former FARC guerrilla group.

Both officials had been temporarily removed from their positions after being mentioned in chats and documents found on devices belonging to alias “Calarcá,” one of the leaders of these illegal armed groups.

According to a document released by the Inspector General’s Office and published by the digital media La Silla Vacía, the “alleged conduct under investigation corresponds to events that occurred in 2024, when those involved were not yet public officials.” In that regard, the oversight body said it “will continue gathering evidence to determine whether such conduct extended into the period in which they held public office.”

“It is therefore necessary to continue the evidentiary process to establish whether the questioned conduct, in addition to being corroborated, extended into periods when those under investigation held public office,” the Inspector said in a statement.

Under Colombia’s legal framework, the Inspector General’s Office investigates public officials and individuals who manage public resources. If it is established that the alleged acts occurred prior to their appointment, the case would fall exclusively under the jurisdiction of the Attorney General’s Office (Fiscalía General de la Nación), which handles criminal investigations involving private citizens.

Ongoing investigation and background

The initial suspension was ordered on November 27, 2025, by the Inspector General’s Disciplinary Investigation Chamber and confirmed on December 23 of the same year, for a period of three months.

Later, at the end of March 2026, the National Intelligence Agency requested, by public communication, that the oversight body “clarify the scope of the measure,” which led to the recent decision not to extend the suspension, while the disciplinary investigation remains ongoing.

In parallel, the Attorney General’s Office continues investigations into the so-called “Calarcá case.” Attorney General Luz Adriana Camargo said there is “confirmed serious information from computers and cellphones about links between the group and a general and a DNI official,” according to statements reported by Caracol Noticias.

So far, no charges or convictions have been issued in connection with these cases.

Changes at the National Intelligence Agency

Amid the investigation, Wilmar Mejía confirmed his departure from the National Intelligence Agency on April 1, 2026, in an interview with Canal 1. “When the Inspector General’s Office lifted my suspension, I went to sign my reinstatement document and within 15 minutes I submitted my resignation. I am no longer the director of intelligence,” he said.

Following his resignation, President Gustavo Petro appointed him as director of the Financial Information and Analysis Unit (UIAF), the agency responsible for combating money laundering and terrorism financing in Colombia. The decision has drawn criticism, as Mejía remains linked to ongoing investigations by both the Inspector General’s Office and the Attorney General’s Office.

More information about the Colombia´s Intelligence Agency? Read “Colombia Intelligence Chief’s Resignation Exposes Instability and Possible Illegal Group Infiltration” by Finance Colombia.

Colombia navigates fiscal challenges following S&P rating revision.

In Colombia’s local fixed-income market, the Títulos de Tesorería (TES) fixed-rate curve appreciated across its entire structure over the last month. As of March, the total balance of TES in circulation stood at 747.9 trillion COP. Despite this positive market valuation, macroeconomic headwinds remain a central concern for the Ministerio de Hacienda y Crédito Público. The fiscal balance of the Gobierno Nacional Central (GNC) reported an accumulated deficit of 1.7% of GDP through February.

These persistent fiscal imbalances were cited as the primary driver behind the recent decision by S&P Global (NYSE: SPGI) to downgrade Colombia’s sovereign credit rating. The administration continues to manage these debt instruments against a backdrop of tight monetary conditions, which remain a primary focus for institutional investors holding Colombian sovereign paper.

Colombian fixed-income markets show valuation gains despite a recent S&P credit downgrade linked to ongoing fiscal imbalances.

The international fixed-income landscape experienced notable shifts between March 25 and April 23, 2026. The yield curve for US Treasury bonds displayed mixed performance, defined by a decrease in short-term rates and an increase in long-term yields. Analysts attribute this volatility primarily to conflicting signals regarding the ongoing conflict in the Middle East.

Economic indicators released by the Bureau of Labor Statistics show that annual consumer inflation, measured by the Consumer Price Index (CPI), accelerated by 0.9 percentage points to reach 3.3% in March. This data triggered a rebound in short-term inflation expectations within the Treasury bond market, while medium and long-term outlooks remained stable. Consequently, the Intercontinental Exchange (NYSE: ICE) MOVE index—which tracks public debt market volatility—and the Cboe (NYSE: CBOE) VIX—which monitors S&P 500 equity volatility—both registered significant declines during the period.

Central bank hike aims to stabilize inflation amid global volatility.

The upcoming monetary policy meeting of the Banco de la República, scheduled for April 30, takes place as the balance of financial risks has shifted significantly compared to the first quarter of 2026. Analysts from Bancolombia (NYSE: CIB) expect the Junta Directiva to increase the benchmark interest rate by 75 basis points, bringing the policy rate to 12.00%.

The convergence of elevated inflation, recent reversal episodes, and misaligned market expectations has reinforced the perceived need for a restrictive monetary stance. This strategy aims to contain domestic demand while preserving the institutional credibility of the central bank. Unlike previous sessions, the current decision-making process is influenced by a shifting global environment where markets have moved toward a higher-for-longer interest rate scenario amid increased uncertainty.

Recent discussions regarding the participation of the Ministro de Hacienda in the Junta Directiva sessions have introduced an additional element of analysis. However, current assessments suggest this does not alter the fundamental policy diagnosis, and no disruptions to the decision-making process are anticipated. Monetary policy is expected to maintain consistency, with the strategic focus shifting from reaching a contractive level to determining the necessary duration of that posture.

Analysts project Banco de la República will raise rates to 12.00% to combat inflation despite slowing domestic economic growth.

The international economic context provides a mixed backdrop for the Colombian decision. Private sector activity in the US appeared to accelerate in April, following a 1.7% monthly increase in retail sales during March. In contrast, the Eurozone reported a contraction in economic activity during April. Energy markets have also seen volatility, with US crude inventories rising in the second week of April while gasoline stocks saw a significant decline. Furthermore, crude prices surged following reports of new security incidents in the Strait of Hormuz.

Domestically, the Departamento Administrativo Nacional de Estadística reported that the Índice de Seguimiento a la Economía grew by 1.6% in February. While imports maintained growth during the same month, the urban unemployment rate across the 13 primary metropolitan areas continued a downward trend through March 2026. In the fixed income market, the central government reported debt levels at 64.2% of GDP for the first quarter, with internal debt accounting for 71.2% of that total.

Market movements reflected these broader trends as the US Treasury curve saw valuation increases driven by investor caution. In the region, Colombia, Brazil, and Uruguay emerged as the primary beneficiaries of the J.P. Morgan (NYSE: JPM) GBI index rebalancing in March. Locally, fixed-rate Títulos de Tesorería experienced devaluations across the entire curve last week. According to the April Encuesta de Opinión Financiera, these devaluations are expected to persist in the coming months. In currency markets, the COP appreciated last week against a backdrop of global and local factors, while the Euro lost ground against the USD.

Headline photo: Bogotá headquarters of Banco de la República (Banrepublica). Photo credit Juan Enrique Rodríguez, courtesy Banrepublica

Despite the severity of the incident, Colombia and Peru have indicated a willingness to address it through diplomacy

 An incident on April 12, 2026, has reignited diplomatic and security tensions in the Amazon border region between Colombia and Peru, following an exchange of gunfire between a Colombian civilian vessel and the Marina de Guerra del Perú, a Peruvian Navy River unit, on the Putumayo River. The incident left one Colombian citizen dead and one person injured on each side.

The episode occurred near Marandúa (Amazonas, Colombia), across from the Peruvian town of El Estrecho. According to Colombia’s Defense Minister, Pedro Sánchez, the fatal victim was identified “as José Miguel Gutiérrez Baquero, owner of the cargo vessel involved in the incident, and one of his sons was injured,” while two other crew members were detained by Peruvian authorities.

Conflicting accounts of the operation

According to the Peruvian government statement, “the incident occurred during a patrol operation aimed at securing the electoral process,” previously coordinated between the two countries. Authorities said two Navy speedboats requested that the Colombian vessel stop for identification.

Peru’s Ministry of Foreign Affairs, which is leading the process, said that “the Colombian vessel refused to comply with the control order and opened fire on two Peruvian Navy units, which returned fire.” As a result, “a member of the Peruvian Navy was also injured, although he is out of danger.”

Colombian authorities, led by the Foreign Ministry, have requested a full clarification of the events and verification of the circumstances surrounding the exchange of gunfire.

Diplomatic channels activated

Following the incident, the governments of Colombia and Peru activated diplomatic and military channels. Colombia’s defense minister said that “preliminary measures were agreed, including prioritizing medical attention for the injured, facilitating the work of judicial authorities, and establishing a binational commission to investigate what happened.”

Colombia’s Foreign Ministry formally requested clarification of “the circumstances of time, mode and place” of the attack, while the Peruvian government expressed its “willingness to cooperate and maintain border coordination mechanisms.”

The detained individuals “remain in the custody of the Fiscalía Provincial Mixta de Putumayo, with access to consular assistance and due process guarantees.”

So far, no final responsibilities have been determined, and both countries agree on the need for a thorough investigation. Both governments said the issue will be addressed at the next High-Level Mechanism on Security and Judicial Cooperation meeting, scheduled for May 2026 in Bogotá.

Context of prior tensions

The incident comes amid sensitive bilateral relations. In recent months, Colombia and Peru have had disagreements over territorial issues in the Amazon, particularly regarding Santa Rosa de Loreto island.

The dispute dates back to August 5, 2025, when President Gustavo Petro said on X that the “government of Peru has taken over territory that belongs to Colombia” and alleged a “violation of the Rio de Janeiro Protocol, which defines the boundaries between the two countries.”

“The Rio de Janeiro Protocol established that the border is the deepest channel of the Amazon River and that any dispute must be resolved between the parties,” Petro said, referring to the emergence of new river islands “north of the current deepest channel,” which, according to his position, should belong to Colombia.

In response, Peru’s Foreign Ministry expressed its “strongest and most forceful protest,” stating that the island, home to about 3,000 residents, mostly Peruvians, is part of its territory and is key to regional river trade.

Tensions escalated days later when then-presidential pre-candidate Daniel Quintero traveled to the island and raised a Colombian flag during a campaign event broadcast on social media, saying: “I will not allow them to take the Amazon from us. Santa Rosa is Colombia.”

The Peruvian government described the act as an “unnecessary action” that “distracts from the cooperation efforts that Peru and Colombia must prioritize to jointly address urgent challenges.”

Headline photo: President Gustavo Petro, Vice President Francia Márquez and Defense Minister Pedro Sánchez at an event held in Leticia (Amazonas) to address tensions with Peru, Aug. 7, 2025. Photo courtesy of Colombia’s Ministry of Defense.

Colombia’s Defense Ministry detailed a plan to bolster security along the Ecuador border

Colombia’s government has announced a package of measures to strengthen security in municipalities along the border with Ecuador, amid escalating tensions between the two countries over security and trade issues.

According to a statement released by the presidency, the actions include “the deployment of 200 additional National Police officers and 270 soldiers, as well as enhanced maritime and riverine capabilities for territorial control and the fight against drug trafficking.”

The plan also includes technical support for surveillance systems, the deployment of two armored platoons to ensure troop mobility, and meetings aimed at strengthening joint operations by security forces and control at border crossings.

Defense Minister Pedro Sánchez announced the measures, stating that “we will not allow criminal groups seeking to profit from illegal activities such as drug trafficking, illegal mining, extortion and smuggling to affect security indicators.”

He added that security forces have already seized 2.4 tons of drugs and remain deployed in the region “to protect our seas and critically disrupt drug trafficking.”

Context: security and trade tensions

The measures come days before Ecuador’s tariff increase takes effect, raising the so-called “security tariff” on Colombian goods from 50% to 100% starting May 1, 2026.

Ecuadorian President Daniel Noboa told Revista Semana magazine that the decision is not part of a “trade war” with Colombia but rather reflects the costs of reinforcing border security. “We have to spend twice as much, and it costs $400 million USD more per year to keep our armed forces deployed at the border,” he said.

For its part, Colombia’s government has rejected claims of insufficient action on border security. Minister of Commerce, Industry and Tourism Diana Marcela Morales Rojas said Colombia has kept diplomatic channels open.

“We have exhausted all diplomatic efforts and maintained open dialogue channels with the Government of Ecuador, seeking a solution that benefits both countries, businesses and, above all, communities on both sides of the border. However, we have not received a positive response,” she said in a statement.

At the same time, Colombia is evaluating its tariff response. Although President Gustavo Petro previously said he would not impose 100% tariffs on Ecuador, a draft update to Decree 170 of 2026 has recently emerged proposing differentiated tariffs of 35%, 50% and 75% on imports from the neighboring country. So far, the proposal has not been signed or officially published.

More information on the trade dispute between Colombia and Ecuador? Read Trade War Between Colombia And Ecuador Escalates, With 50% Tariffs Threatened by Finance Colombia.

EU-Colombia alliance prioritizes digital investment and AI growth.

Colombia’s Centro de Innovación, Productividad y Desarrollo Tecnológico (CINTEL) has announced that the European Union will serve as the guest of honor for the ANDICOM 2026 technology congress. This 41st edition of the regional digital conference is scheduled to take place from September 2 to September 4, 2026, in Cartagena, with preliminary activities beginning on September 1 at the Hotel Faranda Collection.

The European Union currently stands as the largest foreign technology investor in Colombia. According to figures provided by CINTEL, the 27-member economic bloc accounts for 22% of the direct investment in the nation’s tech sector and has been responsible for the generation of approximately 120,000 jobs.

“ANDICOM is a strategic opportunity to strengthen cooperation, drive European investments in the region, and advance a joint agenda that promotes digital transformation.” — François Roudié, European Union Ambassador to Colombia.

“The participation of the European Union in ANDICOM 2026 reflects a shared vision regarding the importance of digital transformation as a driver of economic and social development,” said Manuel Martínez, Executive Director of CINTEL. “This alliance allows us to connect Colombia and Latin America with one of the most advanced ecosystems in the world in terms of innovation, investment, and technological development.”

The 2026 event will center on the theme “Unleashing the Power of AI.” The academic agenda is designed to explore the impact of artificial intelligence on business productivity, national competitiveness, and the digital transformation of public institutions. The primary sessions will be held at the Complejo Las Américas.

François Roudié, the European Union Ambassador to Colombia, noted that the partnership highlights the bilateral commitment to a digital economy that is secure and human-centric. The ambassador emphasized that the conference serves as a strategic platform to strengthen European investments in the region and advance a joint agenda for sustainable growth.

Founded in 1991, CINTEL was recently re-certified as a Centro de Innovación y Productividad by the Ministerio de Ciencia, Tecnología e Innovación (MinCiencias) through a resolution issued in February 2026. The center remains a key component of the Colombian Sistema Nacional de Ciencias, Tecnología e Innovación, focusing on the application of information and communication technologies to improve regional productivity.

Above photo: CINTEL’s Manuel Martinez (left)0 with the EU’s François Roudié.

 

Medellín AI Summit outlines strategic growth for global investors.

The city of Medellín is scheduled to host the second edition of the “WOBI on AI and Business Transformation” summit on April 28, 2026. The event, which will take place at Plaza Mayor, represents the sixth major collaboration between the Alcaldía de Medellín and WOBI since the partnership began in 2017. This year’s forum focuses on the integration of artificial intelligence into corporate leadership and operational strategy, reinforcing the city’s status as a Special District of Science, Technology, and Innovation.

Martha Lucía Maldonado Nieto, Managing Director of WOBI Colombia, detailed the evolution of the event series, noting that previous editions held between 2017 and 2019 attracted more than 4,300 business owners. “Since last year, we have shifted these digital transformation conversations toward an unavoidable topic: Artificial Intelligence,” Maldonado stated. She emphasized that the summit is designed to analyze how AI supports macro-management themes rather than providing purely technical instruction. “WOBI is not about providing technical content. Our goal isn’t to teach people how to operate a specific AI tool, but rather to support them in their roles as leaders.”

“We are certain that only by sensitizing our leaders will we achieve real changes in organizations.” — María Fernanda Galeano Rojo

The upcoming summit features a lineup of international speakers covering diverse facets of the technology. Terry Gutiérrez, the General Manager for Tesla (TSLA) in Mexico and Latin America, will present on leadership algorithms. Nathan Furr, a professor at INSEAD, is set to discuss using AI to scale business models. Other speakers include marketing expert Giuseppe Stigliano and Andrew Mayne, a former prompt engineer at OpenAI, who will provide insights into the development of ChatGPT. Maldonado noted that the curation of this content is managed by WOBI’s team in New York to identify global trends relevant to executive decision-making.

María Fernanda Galeano Rojo, the Secretary of Economic Development for Medellín, will also address the assembly on the role of “Cities that Think.” Galeano Rojo highlighted the city’s commitment to ensuring high-level technological discourse reaches multiple sectors of the local economy. “We will have 600 leaders, more than 70% of whom will be from our city,” Galeano Rojo said. “At the same time, we will have parallel activities where we will be talking with these same speakers, as well as with entrepreneurs and university students. What we want is for all this knowledge to reach different sectors of our city.”

The event structure has transitioned to a membership model as of 2024, though individual tickets remain available. Maldonado confirmed that the average cost for participation is approximately $1,990,000 COP. The summit aims to build on the success of the inaugural AI edition, which saw 800 attendees from 350 companies and has since been exported to Madrid and Milan. “Artificial Intelligence is not just another trend; it is a new reality,” Maldonado added. “It is going to change and impact us in much the same way that the internet at some point changed the way we function.”

The Secretaría de Desarrollo Económico continues to prioritize digital skills and AI training as part of its broader economic strategy. According to Galeano Rojo, the objective of the Alcaldía de Medellín is to use these international platforms to drive social and organizational transformation. “We are betting on digital skills training and AI training,” she remarked. “We are certain that only by sensitizing our leaders will we achieve real changes in organizations.”

The one-day academic session will begin at 9:00 AM. Key regional entities including Rappi, McKinsey, and Procter & Gamble (PG) were cited as background for the expertise being brought to the stage, reflecting the professional trajectories of the invited speakers.

Infrastructure Progress Advances Marmato 2026 Gold Production Goals

Aris Mining (TSX: ARIS; NYSE: ARIS) confirmed the completion of an underground infrastructure connection at its Marmato gold mine in Colombia. The development involved connecting a new surface decline to the existing underground mining workings.

This cross-cut connection serves as a technical step for the ongoing expansion project, which includes the construction of a 5,000 tons-per-day carbon-in-pulp (CIP) plant. The company stated that the infrastructure is currently on schedule to support the initiation of gold production in the fourth quarter of 2026.

Neil Woodyer, Chair and CEO of Aris Mining, stated: “The on-schedule connection of the new surface decline to the existing underground development is a major milestone for Marmato and an important step in delivering our expansion plans.”

The Marmato expansion is part of a broader strategy intended to increase the company’s annual gold production. Aris Mining aims to achieve a combined output of approximately 500,000 ounces per year from its Segovia and Marmato operations. The Segovia mine previously expanded its operational capacity following the installation of a second mill in June 2025.

The company maintains a long-term production objective of approximately 1 million ounces of gold annually. This target incorporates potential production from the Toroparu gold project in Guyana, where a prefeasibility study is currently underway. Aris Mining expects a construction decision regarding the Toroparu project in early 2027.

Regarding its portfolio in Colombia, the company is finalizing environmental studies for the Soto Norte gold project. Aris Mining plans to submit these documents for the licensing process during the second quarter of 2026.

Photo (© Loren Moss) illustrative only (Not marmato mine)

Sector adapts to investment decline through secondary asset markets.

The mining industry in Colombia is undergoing a structural transformation as companies prioritize operational efficiency to navigate a challenging economic environment. Recent industry data shows the mining Producto Interno Bruto (GDP) contracted by approximately 8%, while foreign direct investment has experienced a notable downturn. This trend has prompted firms to seek innovative financial strategies to maintain sustainability and competitiveness.

A primary strategy gaining traction is the rotation of underutilized industrial assets. By leveraging industrial auctions, companies are liquidating idle machinery—such as excavators, drilling rigs, and heavy-duty power equipment—to recover capital without the necessity of maintaining internal commercial structures. Superbid, a multinational industrial auction platform, has emerged as a key facilitator for these transactions within the region.

“Asset rotation is becoming a strategic decision to free up capital and improve operations.” — Maria Paula Villa Velez, Superbid

This operational shift toward asset-light business models will be a central topic at MINEXPO Colombia 2026, which is scheduled to take place on April 15 and 16 at Plaza Mayor Medellín. The event serves as a platform for mining producers, suppliers, and investors to discuss strategies for financial optimization and industrial reindustrialization.

The secondary market for industrial equipment has expanded significantly as mining companies divest assets no longer essential to their core operations. This machinery is being repurposed in the infrastructure, construction, and energy sectors, thereby extending the lifecycle of the assets and contributing to circular economy objectives. Market participants have observed increased competition for this equipment, with buyers consistently acquiring assets at market-determined values.

Looking toward the remainder of 2026, industry analysts expect the integration of these efficient asset management models to accelerate, particularly in regions such as Antioquia, where the nexus of mining and infrastructure projects remains a critical economic driver.

“Today the mining sector is understanding that efficiency is not only in producing, but in better managing its resources,” stated Maria Paula Villa Velez, sub-manager at Superbid Medellin. “Asset rotation is becoming a strategic decision to free up capital and improve operations.”

Digital services now comprise 3.5% of Colombia’s GDP.

The Asociación Colombiana de BPO (BPrO) has scheduled the 2026 CX Summit to take place in Cartagena, Colombia. The event, marking the 25th anniversary of the gremio, will gather more than 1,300 business executives and international specialists to analyze the evolution of the customer experience industry. The summit occurs as Colombia solidifies its position as a regional hub for knowledge-based services, a sector that currently represents approximately 3.5% of the national gross domestic product.

Scheduled for May 6 and 7, 2026, at the Hotel Hilton Cartagena, the conference will operate under the theme The Age of Intelligent CX. Discussions will focus on the integration of artificial intelligence, data analytics, and human empathy within digital economies. According to Ana Karina Quessep, executive president of BPrO, the integration of technology and human talent has become a critical factor for corporate and national competitiveness in demanding global markets.

“The organizations that manage to integrate intelligence, technology, and human talent are those making the difference in increasingly demanding markets.” — Ana Karina Quessep, Executive President of BPrO.

The speaker lineup includes Brad Cleveland, a strategist in customer experience; Tricia Wang, an ethnographer focusing on the intersection of data and human behavior; and Lisa X. Walden, an author specializing in workplace culture. Other confirmed participants include Efrén Martínez and Nicolás Uribe, who will address organizational well-being and digital transformation in Latin America.

On May 5, prior to the main summit, BPrO will host the GBS Experience. This session is designed to examine Colombia’s role as a strategic platform for Global Business Services and shared service centers. In collaboration with Chazey Partners, ProColombia, and Invest in Bogota, BPrO is developing a comprehensive study of the 2026 industry figures. This research aims to serve as the official reference for the Centros de Servicios Compartidos (CSC) and GBS sectors in the country, providing updated data on their economic impact and operational reach.

The event will include networking sessions and a commercial exhibition featuring representatives from the technology, financial, telecommunications, and retail sectors. Registration and the full agenda are available through the official event website. BPrO currently represents over 100 member companies specializing in customer relationship management and the broader service value chain in the US and Latin America.

Enhanced enforcement seeks to promote family-friendly tourism & unwelcome sex & vice-oriented tourism.

Migración Colombia, Colombia’s immigration agency, has executed the expulsion of two US citizens from Medellín following separate investigations into activities deemed a risk to public security and peaceful coexistence. The administrative measures targeted Steve Newland, a digital content creator known as “Chill Capo,” and Samuel McVey, a former teacher from New York. Both individuals were transported to the Aeropuerto Internacional José María Córdova in Rionegro and placed on a flight to Miami, Florida.

The actions come amid a broader strategy by the Colombian government to address concerns regarding sex tourism and the presence of foreign nationals with outstanding legal issues in their home countries. According to Paola Salazar, the Regional Director of Migración Colombia, the agency has adopted a stricter posture to ensure that Colombia is not utilized as a refuge for individuals linked to fraudulent or illicit activities.

The Case of Steve “Chill Capo”Newland

Steve Newland, a 42-year-old US citizen born in Willingboro, New Jersey, had been residing in Medellín since 2022. Operating under the digital brand “Chill Capo,” Newland promoted luxury lifestyle experiences and nightlife events. However, an investigation by Migración Colombia determined that Newland used his digital platforms to promote encounters with alleged purposes of sexual exploitation.

“Lo están esperando y lo capturan, (they are waiting for them and they will capture them)” stated Federico Gutiérrez, the Mayor of Medellín, referring to the coordination with US authorities regarding the return of the individuals.

The agency reported that Newland’s content included advice on how to evade immigration controls at the airport, such as using false medical certificates or simulating injuries to bypass rigorous inspections. His publications also mentioned accommodations linked to historical criminal figures, specifically the penthouses de Pablo Escobar, and provided instructions on how to avoid being targeted with escopolamina during social outings. Following the investigation, authorities confirmed Newland was in an irregular migration status. He has been banned from reentering Colombia for a minimum of five years.

Newland has publicly denied the allegations via his social media channels. He asserted that his primary objective was to educate visitors on safety and help them avoid dangerous situations. Newland claimed that his events were legal, safe, and conducted in collaboration with established Colombian businesses in the Parque Lleras district. He further contended that his visa had been renewed multiple times since 2022, suggesting that any illegal activity would have prevented such renewals. Newland challenged authorities to present specific evidence or identify victims related to the claims of exploitation.

#Noticia | Influenciador estadounidense que promovía turismo con fines de explotación sexual en Medellín, fue deportado por Migración Colombia.
El extranjero no podrá ingresar al país en los próximos cinco años, luego de este tiempo tendrá que solicitar una visa. pic.twitter.com/9QhZKJ7C8X

— Migración Colombia (@MigracionCol) April 11, 2026

Samuel McVey: School Incidents and US Warrants

In a separate incident, 46-year-old Samuel McVey, who was fired as a primary school teacher but styles himself as “Chief Executive Officer @ McVey International Group” on LinkedIn, was expelled following a series of disturbances at educational institutions in the Valle de Aburrá (Metro Medellín) and the city’s eastern Antioquia bedroom community of Rionegro. On April 8, 2026, McVey reportedly entered at least three schools in the wealthy Las Palmas sector of Medellín, where he allegedly initiated confrontations and made threats against staff and students. He subsequently traveled to Rionegro, where he attempted to gain entry to the Colegio Monteluna in Llanogrande by posing as an English language instructor.

When denied access, McVey reportedly directed threats toward students, prompting school officials to contact the Policía Nacional. He was apprehended by units from the Estación Llanogrande near a local strip mall. Manuel Villa Mejía, the Secretary of Security and Coexistence of Medellín, described McVey as a risk to the community and confirmed that the individual was in a state of high agitation upon his detention.

Investigation into McVey’s background revealed that he is a fugitive from New Rochelle, New York. In the United States, McVey faces charges of aggravated harassment in the second degree, a misdemeanor. The charges stem from an investigation by the New Rochelle Police Department involving threats made against Dr. Corey W. Reynolds, the Superintendent of the City School District of New Rochelle. McVey, a former Spanish teacher at Isaac E. Young Middle School, was terminated in early 2026. New Rochelle authorities had issued two bench warrants for his arrest after he failed to appear for court proceedings on March 26 and April 1, 2026.

Despite the outstanding warrants, the New Rochelle Police Department noted that they do not typically extradite individuals for misdemeanor offenses. Consequently, Colombian authorities processed his departure as an immediate expulsion based on his conduct within Colombia. McVey has been prohibited from entering Colombia for ten years.

Regional Enforcement Trends and Peak Travel Season Operations

The expulsions of Newland and McVey come after a larger enforcement effort during the 2026 Semana Santa (Easter Week) season. Migración Colombia reported that enhanced controls at airports and land borders resulted in the detection of numerous foreign nationals with irregular status or criminal backgrounds.

Specific cases identified by the agency during this period include:

• In Leticia, Amazonas, a Peruvian citizen was detained at a hotel; the individual was the subject of an Interpol Red Notice for alleged crimes against public health.
• In Ibagué, a Venezuelan citizen wanted by Peruvian authorities under an Interpol Red Notice for aggravated theft was arrested in a joint operation with the Policía Nacional.
• In Facatativá, another Venezuelan national was apprehended for an Interpol Red Notice involving charges of human trafficking for sexual exploitation and membership in criminal organizations.
• In Bogotá, two Dominican citizens were expelled after attempting to fraudulently obtain Colombian passports to travel to Europe.
• At the Aeropuerto Internacional José María Córdova, a man and a woman from the Dominican Republic were intercepted while attempting to travel to Peru and Argentina using fraudulent Colombian documentation.
  

  Inadmitted (photo courtesy Migración Colombia)

Statistical Overview of Inadmissibility in 2026

In the first quarter of 2026, Migración Colombia has denied entry to over 600 foreign nationals. The primary reasons for inadmissibility include state sovereignty and security risks (153 cases), lack of required visas (133 cases), and insufficient documentation (104 cases). Additionally, 89 individuals were rejected for providing false information during immigration interviews, while 34 had documented criminal records.

The agency also noted a specific focus on preventing the Explotación Sexual Comercial de Niños, Niñas y Adolescentes (ESCNNA). Through cooperation with international intelligence agencies and the Angel Watch platform, 471 individuals have been denied entry since 2016 for reasons associated with sexual offenses. At the Rionegro terminal alone, 31 inadmissibility cases have been recorded so far in 2026 related to potential sex tourism risks.

The Director General of Migración Colombia, Gloria Esperanza Arriero, emphasized that while the country remains open to international travel and investment, visitors are required to comply with the Constitución Política de Colombia and national laws. Under Decreto 2136 de 2021, the immigration authority maintains the power to deny entry or order the immediate return of any foreign citizen who poses a risk to national security or public order.

The main nationalities of those denied entry in early 2026 include citizens from the United States (76), the Dominican Republic (64), Ecuador (55), and Venezuela (52).

Video footage courtesy Migración Colombia

President Gustavo Petro recalls Colombia’s ambassador and signals a potential withdrawal from the Andean Community of Nations (CAN)

Ecuador’s government announced an increase in the so-called “security tariff” applied to imports from Colombia, raising it from 50% to 100%, a move that has intensified trade tensions between the two countries.

In response, the Colombian government, through its Ministry of Commerce, Industry and Tourism, said it will match Ecuador’s measure by adjusting its tariffs to the same level, arguing the need to “maintain balance in bilateral trade conditions.”

The Ecuadorian decision was formalized through a resolution issued by the National Customs Service of Ecuador (Servicio Nacional de Aduana del Ecuador), which establishes that the new tariff will take effect on May 1, 2026.

According to Ecuador’s government, led by President Daniel Noboa, the measure is driven by concerns over border security. In an official statement, authorities said that “after confirming the lack of implementation of concrete and effective border security measures by Colombia, Ecuador is obliged to adopt sovereign actions.”

Colombia’s response and diplomatic measures

Amid the escalation, President Gustavo Petro announced immediate diplomatic actions, including recalling Colombia’s ambassador to Ecuador, María Antonia Velasco, whom he said “must return immediately” to Colombia. He also stated that “the next cabinet meeting will be held at a location along the border with Ecuador,” in a message posted on X.

Petro also criticized statements from Ecuador’s government, saying that “the president of Ecuador insults the Colombian government, which has seized more cocaine than at any point in world history.”

For her part, Minister of Commerce, Industry and Tourism, Diana Marcela Morales Rojas said Colombia “had maintained open diplomatic channels prior to Ecuador’s decision.”

“We have exhausted all diplomatic efforts and kept dialogue channels open with the Government of Ecuador, seeking a solution that benefits both countries, businesses, and above all, communities on both sides of the border. However, we have not received a positive response,” she said in a statement.

Economic impact and trade response

Colombia’s government, led by the Ministry of Commerce, Industry and Tourism, also announced it will amend Decree 170 to raise tariffs to 100%, in line with Ecuador’s measure. The proposal will be submitted to the Committee on Customs, Tariff and Foreign Trade Affairs (Triple A) for review, meaning that details and the effective date of the increase have yet to be determined.

According to the statement, Ecuador’s tariff hike distorts competitive conditions in the Andean market, negatively affecting Colombian producers competing with Ecuadorian goods.

The government also announced relief measures aimed at mitigating the impact on the productive sector, including favorable credit lines, expanded access to financing, and mechanisms to preserve employment.

Political escalation and questions over the Andean system

Amid the growing trade dispute, President Petro also signaled a potential shift in Colombia’s economic foreign policy, stating that Ecuador’s actions “mark the end of the Andean Pact for Colombia.”

“We have nothing left to do there. The foreign minister must begin the process of joining Mercosur as a full member and redirect our efforts toward the Caribbean and Central America,” he said.

The Andean Pact, also known as the Andean Community of Nations (CAN), established in 1969 by Colombia, Ecuador, Peru and Bolivia, has historically been a cornerstone of regional economic integration.

Both governments have filed formal complaints with the CAN, which will assess the admissibility of the claims and may mediate the dispute.

More information on the trade dispute between Colombia and Ecuador? Read Trade War Between Colombia And Ecuador Escalates, With 50% Tariffs Threatened by Finance Colombia.

Above photo: President Gustavo Petro of Colombia with President Daniel Noboa of Ecuador (photo courtesy Presidencia of Ecuador)

Former Foreign Minister Álvaro Leyva releases another scathing attack on his former boss as he fights charges.

On April 10, former Colombian Foreign Minister Álvaro Leyva Durán released a formal statement responding to his indictment by the Fiscalía General de la Nación. Leyva faces charges related to his 2023 decision to declare a passport procurement tender void, a process that involved the private security printing firm Thomas Greg & Sons. The former official characterized the legal proceedings as a politically motivated maneuver orchestrated from the Casa de Nariño.

The indictment for prevarication centers on Leyva’s intervention in the bidding process, which the Fiscalía interprets as a deliberate breach of administrative law. In his defense, Leyva maintained that his actions were necessary to address irregularities and ensure the application of the Constitución Política de Colombia. He argued that the prosecuting body’s thesis would criminalize the conduct of any public servant who identifies unconstitutional terms in a government contract.

“If that argument is accepted, then any official who declares a bidding process void because they find the terms and conditions unconstitutional or illegal should go to jail.” — Álvaro Leyva Durán, former Minister of Foreign Affairs.

Leyva also directed accusations toward his successor at the Cancillería, Luis Gilberto Murillo. According to the statement, Murillo suspended a subsequent legal bidding process to justify a state of emergency, which Leyva claims led to an unnecessary markup of approximately $30 billion COP. Furthermore, Leyva alleged that software contracts exceeding $10 billion COP were improperly managed and that the funds remain unaccounted for under the current administration.

The former minister’s statement included severe personal and political criticisms of President Gustavo Petro. Leyva alleged a lack of moral conduct by the head of state during international state visits and questioned the president’s sobriety in public settings. The letter further asserted that US authorities are currently investigating potential links between the executive branch and narcotics trafficking organizations.

Regarding the domestic political landscape, Leyva warned of perceived risks to the Colombian electoral process. He alleged that the administration has engaged in the illegal interception of political candidates and intends to undermine the integrity of future vote counts. Leyva concluded by affirming his intention to defend his record and his legal decisions before the Corte Suprema de Justicia.

COMUNICADO pic.twitter.com/7YYhoHJD4B

— Álvaro Leyva Durán (@AlvaroLeyva) April 10, 2026

Finance Colombia translation of Leyva’s recent open letter dated April 10th

Some time ago, I denounced in a public communiqué that Gustavo Petro had woven against me an atrocious persecution, as retaliation for my denunciations of his closeness to the world of drugs—denunciations that have led to the United States having him cornered today. There I warned that, from within the government, intrigues were being made to throw me in prison and that attempts would be made against my life.

Now, months later, the Attorney General’s Office accuses me of malfeasance (prevaricato) because I declared void a passport tender that, according to that same institution, was based on a “catch-all specifications document” (pliego sastre). For the accusing entity, I should not have fulfilled the obligation of applying the Constitution that I myself helped draft and, by seeking equality, I acted with malicious intent. The world turned upside down.

Understand the gravity: if that thesis is accepted, any official who declares a tender void because they find unconstitutional or illegal specifications must go to prison. So, faced with such a thing, the trial is welcome. I will give the battle in the Supreme Court with all my strength. Because I trust its magistrates, because my life has been a permanent struggle for Colombia, and because justice, reason, and the law are with me.

The acquittal will be the logical consequence of the process in which I will prove, with official documents and among other things, the following: that I left in motion a new, clean, and legal tender, which Minister Luis Gilberto Murillo suspended. That he thus justified another manifest urgency, completely unnecessary, and added an overcharge of nearly 30 billion pesos to it. And that he contracted software for more than 10 billion additional pesos, which was pocketed. All by hand-picking. All murky. All without control. Thus, by brute force, the door was opened to the passport debacle of today. I warned Petro of what was coming down on the country. But he kept silent.

Today I feel the pride of having helped unmask the boss of the mafia that has plunged Colombia into its darkest hours. I took office as his Foreign Minister with the hope of change. But then I came to know his life of vice and decadence. I was slow to understand his vileness and, surely, also slow to denounce it. But from my father Jorge Leyva Urdaneta, exiled for opposing the dictatorship, I inherited courage and respect for institutions; from Álvaro Gómez Hurtado, I learned the necessity of a just order; and from Misael Pastrana Borrero, I learned to think about social peace. So, faithful to myself and to the spirit of my mentors, I denounced in various letters the moral, political, and personal degeneration that I came to know in Gustavo Petro. And time has proven me right.

The President is an infamous being: international human trafficking is a scourge of the poor girls of Colombia, and he, in the middle of a state visit, ends up as a customer of a brothel in Lisbon; he claims to be a champion of peace, but full of hatred he violently divides society with his stale, classist, and racist rhetoric; he claims to fight drug trafficking, but he goes out into the public square drugged, drunk on alcohol and sectarianism, to mistreat and insult those who contradict him, while in the United States his ties to narcos are being investigated. And so, from scandal to scandal, the horrible night does not cease: the homeland trampled by its own President is today the object of all the mockery abroad.

Petro knows that the upcoming electoral process resembles the one recently lived in Chile. And, to avoid the same result, he illegally intercepts candidates, seeks to destroy them, and is already trying to cast a mantle of doubt over the vote count. But Colombia deserves a new dawn. And the radical left, which—turned into the President’s hooligan squad—forgives him everything, seems condemned to the desert. We shall see whether, in the future, they also forgive him for being responsible for their possible defeat. For my part, I remain ready for all battles: always embracing justice against oppression, and with the law as my spear, shield, and banner.

 

 

New 10% tariff on finished aluminum windows forces EBITDA revision of ~$50M

Barranquilla-based window and architectural glass manufacturer Tecnoglass, Inc. (NYSE: TGLS) has revised its full-year 2026 financial guidance following the April 2 announcement of updated US trade policy that introduced a 10% tariff on finished aluminum window products imported into the United States.

The company stated that its first quarter 2026 performance was in line with internal expectations, supported by continued order activity and a record project backlog. Those results, the company indicated, support the continuation of its previously stated expectation of strong double-digit full-year revenue growth. However, the tariff development — which was not incorporated into the original 2026 guidance issued February 26, 2026 — required a revision to Adjusted EBITDA projections.

“We are executing at a high level to start 2026, with first quarter performance in line with our expectations and continued strength across our residential and commercial platforms. Our record backlog and strong order activity provide excellent visibility, and we continue to gain market share supported by our differentiated vertically integrated model and industry-leading cost structure. The developments in U.S. trade policy applicable to aluminum-containing imports do not reflect any change in our competitive positioning or underlying demand environment. We have proactively restructured our supply chain over the past several years to significantly reduce raw material tariff exposure, and our platform remains advantaged within our industry,” said CEO José Manuel Daes.

Tecnoglass is now guiding for full-year 2026 Adjusted EBITDA in the range of $225 million USD to $245 million USD. The updated range reflects an estimated net incremental impact of approximately $50 million USD compared to the midpoint of the company’s previously stated guidance, attributable to the newly applied 10% tariff on certain finished aluminum window imports into the US market.

The April 2 White House announcement updated Section 232 metals tariffs on steel, aluminum, and copper imports, and expanded the applicability of those tariffs to finished goods and certain derivative products containing those metals. The action affects Tecnoglass and other aluminum window exporters that ship products into the United States.

In response, Tecnoglass says it has implemented pricing adjustments effective on orders placed beginning in early May, the benefit of which is expected to materialize in the second half of 2026. The company is also advancing operational efficiency measures including logistics improvements, increased automation, and workforce adjustments. The revised guidance also accounts for the potential effect of sustained elevated aluminum prices in the second half of the year.

“The developments in US trade policy applicable to aluminum-containing imports do not reflect any change in our competitive positioning or underlying demand environment. We have proactively restructured our supply chain over the past several years to significantly reduce raw material tariff exposure.” – CEO José Manuel Daes

Santiago Giraldo, Chief Financial Officer of Tecnoglass, added, “The change to our full year 2026 Adjusted EBITDA expectations is entirely a result of the revised U.S. tariff framework, which was not contemplated in our original guidance. We have already announced pricing actions that will start with orders in early May, and we are advancing additional efficiency initiatives, including automation and logistics optimization, to further mitigate the anticipated net impact of tariffs disclosed today. These actions, combined with our strong margin profile and disciplined cost management, position us to partially offset the tariff impact as we move through the year and fully neutralize it in 2027. Our updated outlook reflects this discrete policy-driven headwind and does not change our confidence in the trajectory of the business. We remain well positioned to drive growth, expand margins over time, and continue delivering industry-leading financial performance.”

A more comprehensive update, including first quarter results and a full restatement of 2026 guidance, is expected in early May.

Tecnoglass operates a 5.8 million square foot vertically integrated manufacturing complex in Barranquilla, Colombia, and counts the United States as its dominant market, representing approximately 95% of total revenues. The company describes itself as the second-largest glass fabricator serving the US market and the largest architectural glass transformation company in Latin America. Its products have been specified for notable projects including One Thousand Museum and Paramount in Miami, Salesforce Tower in San Francisco, and Aeropuerto Internacional El Dorado in Bogotá.

 

Jazz summit fosters US-Colombia cultural and professional ties.

The city of Medellín is preparing for a sophisticated display of cultural diplomacy as the Centro Colombo Americano Medellín and Teatro El Tesoro present Noche de Jazz en El Tesoro. Scheduled for Friday, April 24, at 7:00 p.m., this event serves as a high-profile prelude to International Jazz Day. For the international investment community and expatriate executives, the concert represents more than just a musical performance; it is a testament to the enduring soft-power bridges between the US and Colombia, fostering an environment of innovation and collaborative spirit in the heart of Antioquia.

The performance features the US Jazz Faculty Collective, a premier ensemble directed by Dr. Ryan Middagh. This group highlights the academic and professional excellence of five distinguished jazz educators from the United States. The lineup includes Dennis Wilson, a former Count Basie trombonist and associate professor at the University of Michigan; Dr. Ryan Middagh, the Director of Jazz Studies at the Blair School of Music at Vanderbilt University; Christopher Kozak, an associate professor and jazz director at the University of Alabama; Dr. Marc Widenhofer, a Nashville-based percussionist and faculty member at Vanderbilt University; and Dr. Bruce Dudley, a celebrated pianist and professor at Belmont University.

The Centro Colombo Americano Medellín is the driving force behind this cultural exchange. As a non-profit binational center, the Colombo performs vital work in the region by providing high-quality English language instruction and promoting democratic values through the arts. Their initiatives are critical for the local workforce, equipping Colombian professionals with the linguistic and cultural competencies required to engage with global markets and attract foreign direct investment to the Valle de Aburrá (the greater Medellín metro area).

For those attending, Teatro El Tesoro offers a world-class venue located within the prestigious El Tesoro Parque Comercial shopping center. Tickets are available through Tuboleta. Pricing remains accessible for such a high-caliber performance, with general public tickets starting from $64,000 pesos.