Key Figures

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

Overview

federal government Name: Republic the Colombia Constitution: Adopted: 1991; has actually recently been called the structure of Rights. Main transforms include Colombia changing the form of a decentralized linked state through a certain autonomy for its territorial entities, a presidential system, and the banning of the extradition of Colombian citizens. Presidential reelection has actually been banned totally and the strength of judicial review was moved from the can be fried court that justice to an independent constitutional court. federal government Type: Republic under Authoritarian Presidential ascendancy
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coat of arms of Republic of Colombia

Index of financial Freedom


grades each nation on a range of 0 to 100, based on ten freedoms, with 100 representing the greatest amount of financial autonomy from government intervention. Source: Heritage foundation (2019)

Country threat Rating


B
Political and also economic uncertainties and an occasionally complicated business setting can influence corporate payment behavior. This firm default probability is appreciable. Source: Coface (2021)

Government Branches

main Powers Election process choice Cycle 1
Executive

The chairman is in charge of executory work of the government and also has solid policy-making authority. That can additionally call congressional session.

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

4 years

Judicial

The supreme court of righteousness is in charge of civilian cases. The board of directors of state is in charge of administrative cases. The constitutional court is in charge of constitution cases.

Supreme court judges are appointed by the conference from candidates submitted by the president.

Life

Legislative

The legislative branch is in fee of plan making and also budgets.

See more: What'S The Difference Between Prunes And Dried Plums, Prunes Vs Plums

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

4 years

Regional trade Blocs


can

worldwide Organization authorized <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 that WIPO WMO WTO
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Environmental Agreements <3>

Antarctic treaty Biodiversity Climate change Climate Change-Kyoto Protocol Desertification Endangered varieties Hazardous Wastes regulation of the Sea naval Life conservation Ozone Layer defense Ship contamination Tropical hardwood 06 Wetlands

Tax details <2>

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

Sources:


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