Colfuturo to finance up to US$50,000 for overseas postgraduate studies

Colfuturo has opened its annual Programa Crédito Beca call for 2026, the first without government support, providing up to US$50,000 to Colombian professionals for master's or doctoral studies at top global universities. The initiative aims to build high-level human talent and encourage experts' return to Colombia through extra incentives.

Colfuturo's Programa Crédito Beca, with 35 years of history, selects applicants strictly on academic merit. Beneficiaries can use the funds to cover tuition, health insurance, airfare, installation costs, materials, and general living expenses during their overseas studies.

To encourage return, the organization provides an additional 25% scholarship on the financed amount for graduates who work in Colombia for three years. Over 130 partner universities offer discounts covering 10% to 100% of tuition. Last year, 59% of selectees chose these institutions, resulting in US$5.6 million in direct university scholarships.

Jerónimo Castro, Colfuturo's director, emphasized the value: "Formarse en las mejores universidades del mundo no solo fortalece conocimientos técnicos y especializados al más alto nivel, sino que expone a las personas a estándares internacionales, redes globales de investigación e innovación y nuevas perspectivas para abordar los desafíos del país".

Applicants must be Colombian citizens with an undergraduate degree, submit their desired academic program, and write an essay on their study project. The program's rigorous process has made Colfuturo a Latin American benchmark, inspiring similar initiatives in Guatemala, Honduras, and Brazil. Results will be announced on June 10, 2026.

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Colombian Finance Minister presenting 2026 economic projections including dollar rate at $3,801 and Brent oil at $59.2, amid charts and a skeptical press audience.
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Colombian government projects dollar at $3,801 and brent at us$59.2 for 2026

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The Ministry of Finance published the Financial Plan for 2026, projecting 2.6% GDP growth and 5.8% inflation. The document estimates an average dollar rate of $3,801 and Brent barrel at US$59.2, though analysts warn of calculation errors and lack of concrete measures for fiscal cuts. The publication was delayed by more than a month compared to previous years.

The Embassy of the Slovak Republic in Nairobi and the Ministry of Education have announced five fully funded scholarship opportunities for Kenyans to pursue bachelor's, master's, and PhD studies at public universities in Slovakia for the 2026/2027 academic year. Programmes cover fields including education, science, engineering, health, agriculture, and technology. Applications are due by April 30.

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Most young professionals in Cuba are seeking to validate their academic degrees for emigration, driven by the precarious economic situation and lack of opportunities. Despite the virtual closure of the United States, outflows have simply been redirected to other destinations like Mexico and Brazil. Experts warn that mass emigration is impacting every sector of Cuban society.

In a conversatorio at the LR Forum on talent, education, and productivity, Sebastián Trujillo, vice president of the Private Competitiveness Council, emphasized that the educational gap is the main barrier to competitiveness in Colombia. He highlighted that a Colombian worker generates only US$18 per hour, compared to the OECD average of US$70. He also pointed out the paradox of high unemployment alongside a shortage of qualified talent in companies.

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At the Talent, Education, and Productivity Forum, Colombian experts discussed aligning higher education with labor market demands through dual models. Higher Education Vice Minister Ricardo Moreno stressed free access as a right in vulnerable areas, while Ascun and Sena leaders highlighted skills gaps in technical fields and technology's role.

The Superintendencia Financiera announced that the usury rate for February reaches 25.23% effective annual, up from 24.36% in January, raising costs for credit card purchases. Entities like Lulo Bank and Coltefinanciera operate near the limit, while Coopcentral and Banco GNB Sudameris keep lower rates. Experts highlight the impact on informal credit and propose system reforms.

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Felipe Galvis Rincón, Porvenir's commercial vice president, shared details on severance pay in Colombia at a La República event. Out of 10.8 million workers with access to this benefit, over 5 million are affiliated with Porvenir. The fund anticipates collections nearing 17 or 18 trillion pesos for 2026.

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