Colombia lost one of its three investment-grade ratings.

The downgrade follows violent anti-government protests, as well as growing concerns over strained fiscal spending and debt because of the COVID-19 pandemic. Moody and Fitch have not downgraded Colombia's investment grade for now.

Foreign investments of financial holdings must be approved by the Superintendence of Finance.

Direct or indirect investments in financial, insurance and securities must be previously and expressly authorized by the Superintendence of Finance.

The Andean Community approved the Migration Statute benefiting the movement of citizens within its member countries.

Perú, Ecuador, Bolivia and Colombia establish the right of movement and temporary and permanent residence for its citizens through the whole Andean Community. They will have the right to access any activity under the same conditions as the nationals of the receiving countries.

All borders are now opened with particular exceptions to Venezuela and India.

Colombia reopened its land and water borders with all of its immediate neighbors - with the exception of Venezuela. The measure intends to enhance the economic recovery of border regions.