Colombia Will Sit with the IMF in Washington to Review Its Accounts
6 Articles
6 Articles
Although the government has not yet said what type of credit it will negotiate, the option that sounds the most is a line of caution and liquidity. The post Colombia will sit with the IMF in Washington to review its accounts appeared first on La Silla Empty.
President Abelardo de la Espriella has announced his intention to approach the International Monetary Fund so that that agency will help a recovery of the Colombian economy, as he said on Sunday in his weekly message. That announcement, which is yet to be made, already leaves the message of the president to have received an economy in a worse state than he expected. “The reality in which the Petro government left us is very serious,” confirmed F…
David Luna argued that the previous government left a level of indebtedness with high financial costs.
Obtaining a loan from the International Monetary Fund (IMF) could allow Colombia to refinance its debt at significantly lower rates than the current ones, experts consulted by Sputnik explained. However, analysts indicated that the demands of the international agency could have an impact on lower-income sectors.
The approach with the agency seeks to grant preventive liquidity, open doors to international financing and alleviate the burden of interests of the country.
The government of Abelardo De la Espriella asked the International Monetary Fund (IMF) to carry out an evaluation of the Colombian economy and of the plans of the new administration in macroeconomic matters, amid the pressure that the country faces because of the situation of its public finances. According to the Ministry of Finance, the objective of the review is to identify alternatives to adjust the management of the debt within the public bu…
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