IBOV 167,921.80 ▼ 0.75% IPC MEX 69,705.03 ▼ 0.12% MERVAL 92,079 ▼ 2.59% USD/BRL5.44▲ 1.17% USD/MXN18.79▼ 0.39% USD/CLP993.12▲ 0.49% USD/COP3,232▲ 2.08% USD/PEN3.47▲ 0.16% USD/ARS1,534▼ 0.29% USD/UYU40.19▲ 3.18% USD/PYG5,965▲ 5.35% USD/BOB12.07▲ 3.37% USD/DOP60.42▲ 0.50% USD/CRC451.45▲ 2.56% USD/GTQ7.64▲ 3.29% USD/HNL26.88▲ 0.49% USD/NIO36.62▲ 0.07% USD/VES887.03▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.99▲ 2.89% USD/TTD6.71▲ 2.13% EUR/BRL6.08▲ 2.03% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99% IBOV 167,921.80 ▼ 0.75% IPC MEX 69,705.03 ▼ 0.12% MERVAL 92,079 ▼ 2.59% USD/BRL 5.34 ▼ 1.32% USD/MXN 18.69 ▲ 0.62% USD/CLP 983.47 ▼ 0.57% USD/COP 3,149 ▲ 3.06% USD/PEN 3.45 ▲ 0.17% USD/ARS 1,537 ▼ 0.28% USD/UYU 40.21 ▲ 3.57% USD/PYG 5,803 ▲ 3.78% USD/BOB 11.97 ▲ 4.93% USD/DOP 60.54 ▲ 1.83% USD/CRC 451.24 ▲ 2.13% USD/GTQ 7.64 ▲ 3.23% USD/HNL 26.87 ▲ 3.37% USD/NIO 36.62 ▲ 2.81% USD/VES 885.08 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.63% USD/TTD 6.71 ▲ 2.07% EUR/BRL 5.95 ▲ 7.53% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99%
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Saturday, October 31, 2026

Colombia Latin America

Colombia: Fired DANE Chief Ricardo Valencia Defends His Numbers

By · September 15, 2026 · 5 min read
Casa de Nariño, the presidential palace in Bogotá, Colombia
Colombia: Fired DANE Chief Ricardo Valencia Defends His Numbers

Key Facts

  • —
    What happened. Ricardo Valencia, fired as director of DANE (Colombia’s national statistics agency) on 14 September, is now publicly defending the data that got him removed.
  • —
    What he said. Valencia told local media DANE’s technical independence “is sacred,” and that he stands by his reading of the July unemployment data.
  • —
    No warning. He says he never received any communication from the presidency objecting to his conduct before he was dismissed.
  • —
    The catch. The government that fired him is the same one that had appointed him only 26 days earlier, under President Abelardo De la Espriella.
  • —
    Who it affects. Anyone relying on DANE numbers: bondholders pricing Colombian debt, renters with CPI-linked leases, and pensioners on indexed benefits.
  • —
    What comes next. Congress can summon Valencia’s successor, economist Juan Manuel Alvarado Nivia, to explain the dispute.

A Fired Official Talks Back

Colombia’s ousted statistics chief, Ricardo Valencia Ramírez, is not going quietly. He spent the day after his 14 September removal from DANE defending the numbers that cost him the job.

He told Colombian outlets that DANE’s technical independence “es sagrada” — is sacred. That is a direct challenge to the government that fired him, not a quiet exit.

What He Actually Said

Valencia held a press conference on July’s labor-market figures after preparing for several days, according to Colombian reporting. He told reporters he had found no evidence that data from the outgoing Petro administration had been manipulated.

That single sentence triggered his removal. Colombia’s new government, led by President Abelardo De la Espriella since 7 August, wanted deeper audits, not a clean bill of health.

After his dismissal, Valencia doubled down rather than apologizing. He told Publimetro Colombia he has “internal knowledge and a technical view” behind his conclusions.

He also said something pointed about process. Nobody from the presidency, he said, ever flagged dissatisfaction with his management or his public statements.

On his own record, Valencia was measured rather than defiant. He said he hopes Colombia’s statistical community and specialized data users will judge for themselves whether he made a mistake.

The Government’s Case Against Him

The presidency gave two official reasons for the removal. First, Valencia declared no anomalies in the July indicators without commissioning the deep audits officials wanted done first.

Second, he was accused of ignoring Directiva Presidencial 001. That order requires government officials to get advance authorization from the presidential palace before public statements or press conferences.

One of Valencia’s own press conferences, on August inflation data, was called off 30 minutes before it started. The figure still published on schedule.

Officials framed independence narrowly. The government put it bluntly: “technical independence, yes; political positioning by a technical body, no.”

Officials argue a statistics director cannot act as, in their words, a loose wheel inside the administration. Confirming a predecessor government’s numbers publicly, in their view, crossed that line.

Political Reactions Split Along Old Lines

Reaction broke down largely along the fault lines of Colombia’s last election. Alejandro Gaviria, a former minister and prominent economist, asked whether directors now need permission before sharing their own findings.

Senator Esmeralda Hernández, from the opposition Pacto Histórico, noted the irony directly. She pointed out that three weeks in the job is shorter than any tenure Petro’s government was criticized for.

Congresswoman Cathy Juvinao invoked Ley 2335 de 2023, the law that created DANE’s technical independence in the first place. She warned that statistics and political interests must not mix.

Former senator María José Pizarro asked the blunter question many were thinking. Her words, translated, were simple: will they manipulate the figures now.

Gustavo Bolívar, a former official under Petro, defended the outgoing government’s record with DANE data. He warned Colombians to watch for inflated figures used to conceal bad news ahead.

A Very Short Tenure

Colombian DANE directors have historically stayed an average of 33 months, according to a tally published this week. Valencia lasted roughly one month, the shortest run on record.

The next-shortest tenure belonged to Mario René Verswyvel, who served 19 months between 1998 and 2000. Recent directors Piedad Urdinola and Juan Daniel Oviedo each completed full four-year terms.

Valencia was himself a replacement, appointed by decree only on 19 August. The directorship has now changed hands twice within a single month under the new administration.

His successor, Juan Manuel Alvarado Nivia, is an economist from Colombia’s Caribbean coast. He reportedly came to the president’s attention through earthquake relief work in the Barranquilla area.

Why This Still Matters

Nothing DANE has published has actually changed. The July unemployment rate, at 8.1%, remains the lowest July figure Colombia has recorded in 25 years, exactly as Valencia described it.

The dispute is not about a number being wrong. It is about who gets to confirm a number is right, and how fast that person can be removed.

Ley 2335 de 2023 protects DANE’s methods from political direction, but sets no fixed term for its director. That leaves the agency independent on paper and fully exposed at the top.

Colombia holds elections again in 2027, and economic statistics will be part of that campaign. A statistics agency that changes leadership this often risks losing the credibility it depends on.

For now, foreign residents and bondholders alike are watching the same signal. Whether DANE’s upcoming releases land on schedule, with unchanged methodology, will say more than any official statement.

Frequently Asked Questions

What did Ricardo Valencia say after his removal? He said DANE’s technical independence “is sacred” and defended his July unemployment findings as technically sound.

Why was he fired? The government said he cleared the data without ordering deep audits first, and broke a directive requiring prior approval for public statements.

Did he get any warning? Valencia says no one from the presidency contacted him about dissatisfaction with his conduct, before or after his remarks.

Who replaced him? Juan Manuel Alvarado Nivia, an economist from Colombia’s Caribbean coast, took over as DANE director.

Has any DANE figure been revised? No, the July unemployment rate of 8.1% and other published data remain unchanged.

More: Colombia news every day from The Rio Times.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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