Key Figures

chief of State: president Iván Duque Márquez Head the Government: president Iván Duque Márquez

Overview

federal government Name: Republic the Colombia Constitution: Adopted: 1991; has recently been called the structure of Rights. Main changes include Colombia an altering the shape of a decentralized unified state through a certain autonomy because that its territorial entities, a presidential system, and also the banning that the extradition that Colombian citizens. Presidential reelection has been banned completely and the strength of judicial testimonial was moved from the supreme court that justice come an independent constitutional court. government Type: Republic under Authoritarian Presidential preeminence
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cloak of eight of Republic of Colombia

Index of financial Freedom


qualities each country on a scale of 0 come 100, based upon ten freedoms, with 100 representing the biggest amount of financial autonomy from government intervention. Source: Heritage foundation (2019)

Country threat Rating


B
Political and economic uncertainties and an occasionally challenging business atmosphere can impact corporate payment behavior. That company default probability is appreciable. Source: Coface (2021)

Government Branches

main Powers Election process election Cycle 1
Executive

The president is in charge of executory jobs of the government and also has strong policy-making authority. It can also call conference session.

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The president is elected by absolute bulk vote with a two-round system.

4 years

Judicial

The can be fried court of justice is in fee of civilian cases. The council of state is in charge of governmental cases. The constitutional court is in fee of constitutional cases.

Supreme court judges space appointed through the congress from candidates submitted by the president.

Life

Legislative

The legislative is in fee of policy making and also budgets.

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The senate's 102 members and also the home of representatives' 166 members are both elected through a party-list proportional depiction system.

4 years

Regional trade Blocs


can

global Organization participation <2>

BCIE BIS have the right to CARICOM CD CDB CELAC FAO G-24 G-3 G-77 IADB IAEA IBRD ICAO ICC ICRM IDA IFAD IFC IFRCS IHO ILO IMF IMO IMSO Interpol IOC IOM IPU ISO ITSO ITU ITUC LAES LAIA Mercosur MIGA NAM OAS OPANAL OPCW Pacific Alliance PCA UN UNASUR UNCTAD UNESCO UNHCR UNIDO Union Latina UNSC UNWTO UPU WCO WFTU who WIPO WMO WTO
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Environmental Agreements <3>

Antarctic treaty Biodiversity Climate readjust Climate Change-Kyoto Protocol Desertification Endangered varieties Hazardous Wastes legislation of the Sea naval Life conservation Ozone Layer defense Ship pollution Tropical lumber 06 Wetlands

Tax information <2>

taxation Authority: Dirección de Impuestos y Aduanas Nacionales taxation Name: VAT

Sources:


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