Petro Proposes Measures to Mitigate the Effects of Iran’s War on the Colombian Economy

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The president warned that the international conflict could raise inflation and affect key sectors such as energy and agriculture. President Gustavo Petro proposed a plan to confront the impact of the war in Iran on the Colombian economy, amid tensions with the Bank of the Republic over the recent increase in interest rates. The president warned that the international conflict could raise inflation and affect key sectors such as energy and agricu…

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Colombian President Gustavo Petro proposed on Wednesday a series of measures to mitigate the inflationary effects of Iran’s war, while accusing the Bank of the Republic (monetary authority) of being aligned with the opposition for raising interest rates to 11.25 percent. Petro’s entry proposes measures to mitigate the effects of Iran’s war on the Colombian economy was first published in the Digital Process.