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Colombia's Cali Commits Historic $3.5 Billion to Tackle Poverty, Upgrade Failing Urban Systems

Summary by The Rio Times
Cali, Colombia’s third-largest city, has committed $3.5 billion to its largest-ever infrastructure initiative, targeting 32 projects to address systemic inequality and modernize urban systems. The plan, confirmed by municipal budget documents and Mayor Alejandro Eder’s office, follows Cali’s recent AAA credit upgrade from Fitch Ratings, which cited fiscal discipline and debt management. The first $365 […]

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The Rio Times broke the news in Brazil on Tuesday, May 27, 2025.
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