Bancolombia chairman proposes 8.5% to 9% increase in Colombia's 2027 minimum wage

FinanceColombiaPulzoOct 23, 2026, 8:48 PM35 s readAI summary

Juan Carlos Mora, chairman of Grupo Cibest, the parent company of Bancolombia, said Colombia's minimum wage increase for 2027 could range between 8.5% and 9%. Speaking at the Colombian Construction Congress organized by Camacol, he proposed using inflation and productivity as references, with the possibility of adding a few extra points. His estimate is based on inflation of 6.29% and productivity of between 1.5% and 2%. The figure is not official and does not represent an agreement between the government, businesses and unions.

In 35 seconds

Mora estimated the 2027 minimum wage increase at between 8.5% and 9%.
His calculation is based on inflation of 6.29% and productivity of between 1.5% and 2%.
He proposed using inflation and productivity as references, with possible extra points.

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IASummary generated by artificial intelligence from a story by Pulzo. It may contain errors: the original source prevails.

salario mínimo
Bancolombia
Grupo Cibest
inflación
productividad

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Bancolombia chairman proposes 8.5% to 9% increase in Colombia's 2027 minimum wage

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Bogotá Ciudad Aeropuerto seeks to link El Dorado with the Metro and Regiotram

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill