✅ EXCLUSIVE: Colombia defiant on projections amid market skepticism - LatinFinance

Colombia is pressing ahead with plans for up to $2.5 billion in new debt financing despite a widening fiscal deficit and stalling growth that have cast the country’s bonds among the worst performing of any emerging market this year. In an interview with LatinFinance, Colombia’s finance minister, Ricardo Bonilla, acknowledged the challenging backdrop – including growth of just 0.6% in 2023, half the government’s expectation – but insisted that plans were afoot to “recalibrate” the economy and return it this year to a path of robust growth. “We had an unwanted surprise last year,” he said on the sidelines ...

latinfinance.com     Mar 10, 2024