It was originally called the South American Championship, changing to the current name in 1975.
They lost the 1975 final play-off against Peru, but won the title at their first home tournament in 2001 after defeating Mexico.
Colombia won all six tournament matches in regular time and without conceding.
Víctor Aristizábal, who played for Cali in the Colombian division at the time, scored in all matches except the final at least once and became the tournament's top scorer.
Colombia's highest victory in tournament history is a 5–0 win against Panama in 2024.