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Draft Decree Says Afp Will Have to Limit Its Investment Abroad to 30%
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The government published a draft decree that would force AFPs to reduce their foreign investment from 49% to 30% in five years, with the aim of redirecting pension savings to strategic sectors such as infrastructure, housing and energy in Colombia. The figure for repatriation of capital is $125 billion and has received criticism from experts.
The measure will be done gradually in five years, in the first three years it will have to limit the investment by 35% and this must be reduced to 30% in the other two years
·Bogotá, Colombia
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