AGP Executive Report
Last update: an hour agoPeso Stabilization: Banco de la República is launching a up-to-$4B reserve accumulation program to cool the peso’s near-20% rise, with the first dollar-buying auction set for Aug. 3 and rate hikes kept on hold to avoid pulling in more foreign capital. Clean Energy Procurement: Colombia awarded 725MW of solar in the second day of its clean energy auction, with long-term contracts (15 years) and supply obligations starting in 2030; earlier awards included solar plus 100MW BESS. Grid Flexibility Push: For the first time, Colombia’s auctions included BESS, aiming to diversify supply and add firm capacity for El Niño-style demand spikes; interest topped 14,500MWh/day. Mining Update: Denarius Metals reported high-grade gold and silver intercepts from its 2026 in-fill drilling at Zancudo’s Las Brisas target in Colombia. Food Policy Clash: A new investigation says ultra-processed food giants filed 235 lawsuits over health rules, including in Colombia, challenging warning labels, marketing limits, and taxes. Regional Safety Recognition: Cemex said the IDB recognized its motorcycle road-safety practices across Colombia and other countries, citing a 54% accident reduction over six years.
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