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Sign in Mexico to review the MGC

Who leads the BVC MILA (Integrated Market Latin America) announced the imminent entry of Mexico.

As is known, Chile, Peru and Colombia, up MILA. With the entry of Mexico, increased transactions in the Latin American capital markets.

The question is whether we speak the same financial language (IFRS). At least Peru and Chile itself. Colombia and Mexico are underway.

be that decision makers know that is IFRS, or worse still the rulers of these nations and their executives or know of IFRS will know what the impact of converging with IFRS? A study IFRS

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http://blogs.ft.com / beyond-brics/2011/05/06/changing-colombia-pt-1-from-tibet-to-civet /
Changing Colombia, part 1: from Tibet to CivetMay 6, 2011 4:29 pm by beyondbrics 0By Alejandro Gaviria of the University of the AndesColombia has long been an atypical country, at least in Latin American terms. During the second half of the 20th century, it never experienced an economic meltdown or a rash of populist policies, let alone hyperinflation or the coup d’etats that almost defined the rest of the region. Colombia rode the usual business cycles that any commodity-producing country endures. But, in general, it was an oasis of economic quietude in a cauldron of volatility. Colombia’s gradualism was the exception that proved the instability of the Latin American rule.True, the economy never grew fast. It advanced – but at a slow and steady pace. There were no big crises – and also no moments of rapid expansion. Between 1965 and 1995, there were ten years in which Argentina’s economy shrank. Over the same period the Colombian economy never suffered a single recession. During good times, it grew slightly more than 4 per cent; during bad times, slightly less. Over time, 4 per cent growth came to seem the country’s immutable economic rule.The counterpart to this stability was isolation. Alfonso Lopez Michelson, a former president, once called Colombia “the Tibet of South America”. How else could it be? Its main urban centres were high in the Andes – close to the stars but far from the sea. Businesses showed little interest in foreign markets. All exports other than coffee and oil were called, without irony, “minor”. Poor roads only made the natural barriers of Colombia’s varied geography more immense. Protectionism was the norm, the almost unquestioned policy consensus. Colombia seemed to wash its hands of the world. And vice-versa: the world did not much care about Colombia either.This parochial equilibrium collapsed in the 1990s. The drug-trafficking business caused an eruption of urban violence. In rural areas, it converted peasant insurgencies into powerful and well-armed rebel forces. It also corrupted the country’s institutions. Economic reforms – or at least Colombia’s version of them – produced a substantial rise in government spending, but this only made the economy vulnerable to external shocks.By the end of the 1990s, Colombia was suffering its worst economic crisis in almost a century. Unemployment reached 20 per cent. Guerillas had turned kidnapping into an industry. The middle classes fled the country. Some outsiders, and some Colombians too, believed the country was a “failed state”. South America’s Tibet had become the Sudan of the Andes.And so the new century found Colombia gripped by troubles. There were around 3,000 kidnappings every year. Investment plumbed new lows. Around 60 per cent of the population were deemed officially poor. The long years of stability and uninterrupted, if slow, growth were over. “Colombia has reached a fork in the road,” wrote the Italian economist Alberto Alesina in 2002. “One path leads to civil war, chaos, and economic collapse. The other to peace, reforms and economic progress.”It is only with hindsight that one can see how Colombia avoided the first path to ruin. In part, it was thanks to former president Álvaro Uribe’s successful security drive. In part, it was a consequence of the extraordinary economic expansion the world enjoyed between 2003 and 2008.Over that period, Colombian investment grew to 28 per cent of gross domestic product from 12 per cent. Foreign investment rose from risibly low levels to more than $10bn a year. The fiscal deficit almost halved to less than 4 per cent of GDP. The stock market soared. This March the country recouped its investment grade status with an upgrade from Standard & Poor’s.Last year, Michael Geoghegan, the president of HSBC, even included Colombia in a grouping of countries that he saw as the new stars of the world economy: the Civets – Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa. In less than a decade, Colombia had changed from being a South American Sudan to a land of promise.President Juan Manuel Santos has been among the country’s greatest enthusiasts. “Colombia’s moment has come!” he announced at his inauguration last year. “Prosperity for all,” promises his government’s official development plan. Yet it is still too early to celebrate.Most economic forecasts estimate the economy will grow little more than 4 per cent a year, the same as always, for the next few years. When it comes to social inequality, Colombia now tops Latin American charts. Violence has become a general public concern, again. The country remains among the world’s largest exporters of cocaine.Colombia is also yet to overcome its isolation. It still costs less to ship a container from Shanghai to Cartagena, than from Cartagena to Bogotá. Most Colombian businesses remain protectionist at heart. In Peru, a South Korean free trade treaty is seen as a necessity. In Colombia it is viewed as a threat. Exports remain only 15 per cent of GDP – the same as 20 years ago. Colombia may be a Civet – but it also remains a Tibet.Colombia has avoided the path to chaos. Santos is now clear about where he wants the country to go next, Even if I is less sure about how to get There Precisely. The country has STI September Aspirations for the next FEW Decade: to Overcome, eleven and for all, ITS long history of Economic mediocrity, growing endemic Inequality and Violence. But the road to Prosperity Remains long, and hard. The Challenges Are huge.Alejandro Gaviria is Dean of the School of Economics at the University of the Andes and to become deputy director of Colombia's National Planning Department. This is the first of a two-part series.

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In National Development Plan was included in Article 204, an update to the topic of convergence to IFRS. Attached I am sending the link to the Gazette of the Congress that makes the modification to the National Development Plan (Arti 241 page 62) which refers to Article 204 of the original NDP.

It is worth noting that this change is not official, but as I commented, it is more than likely be approved.

This change is suspending the requirements of the Public Superservicios in accordance with the General Accounting Model was in convergence with IFRS. So, our customers must abide by the recommendations of Technical Board of Public Accountancy (CTCP) and not as indicating the Superservicios.

At issue, is in line with what we have recommended to our customers under the supervision and control by the Superintendency of Public Utilities. Our recommendation has always been full compliance with IFRS and consistently comply with the MGC.

http://servoaspr.imprenta.gov.co:7778/gacetap/gaceta.pdf?v_numero=210&v_anog=2011

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sorry because I have abandoned life. Sorry for the times that I can not sleep and I feel out of place. Sorry, not to embrace this life with the desire to be. But today is the day. Neither was yesterday. And before yesterday either .. I'll tell you something that I spend a lot lately: Well .. days ago that I hope something does not arrive, and I feel I'm wasting precious time that could be spent on other cosas.Pero not. Here I like being on the planet dumber. Waiting. And therefore it has become a hobby. Wait . Resolved pathetic and stupid .. Right? Well I've got.

also happens to me, that nothing surprises me anymore. I feel these tickle. Nothing is hurting me, nothing surprises me too, because I know what will happen. No surprises me no end, no beginning .. I'm not surprised at all. The capabilities of people stopped me speechless for some time now, I know that you never fully know anyone .. So I know that there are no limitations. For me, specifically, nor are the distances, nor is the end of love, or end the pain, or whatever. No, because I can never forget someone you loved, or someone who has treated you well, you needed, someone who goes through your life briefly, then left a sign, and from there to when he leaves. And you see on the street .. and think, fuck with what I wanted, the times we spent playing in the square, so it was nice , for example. What will become of your life? What will yours? . What will be mine ...

It is like my feelings have stayed at stop, frozen or something. And I think .. Mother, with what I was. And yet I have only nineteen, but I still think I've changed quite a bit .. I learned to love better, to convince my brother to explain freely what I feel in front of people, well, that series of things that when a mature, they emerge. But others will ..

What I mean with all this stuff .. is that this morning, I was surprised .. which has led to a concern that is commonly known as the tickle in the stomach who said earlier .. Well, I was so calm in my bed, wondering whether to get up or not, when that click, I have stood up immediately. Then I've spent about twenty minutes looking in the mirror and I saw something that had long since he saw me. An illusion for a Monday as bitter as today, that truth is not expected. I have gotten into the shower with that same feeling, and I dressed quickly, his mind cluttered with those images is called memories. And I think that life is not as long as it seems, and that You might not have to wait for the future because I think that is something better. For perhaps the best is going ahead of you at this very moment, and you have not even noticed ..

Amante

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