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Bogotá Reduces the Cost of Its Debt and Saves $94 Billion with Active Debt Management
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Secretary of Finance of Bogotá, Ana María Cadena. Photo: courtesy SDH. Bogotá continues to reduce the costs associated with its indebtedness thanks to an active management strategy of the district’s credit portfolio. According to the Ministry of Finance, the city managed to reduce the cost of its debt to local banks by 58 basis points, representing a total savings of $94 billion over the remaining life of the credits. The operation was carried o…
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