US EditionBanco De La República Warns of Global Uncertainty and Fiscal Challenges Despite Advances in Macroeconomic Adjustment
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4 Articles
César Ferrari, Colombian Financial Superintendent, spoke about the challenges and successes of the Colombian credit market during the 59th Asobancaria Banking Convention
Leonardo Villar, manager of the Banco de la República, warned about fiscal risks and high uncertainty.
The Colombian market cries to the Petro government for a fiscal adjustment, although the Colombian economy will continue to recover in the second half of 2025, with projections for GDP above 2.6%. In the first quarter of the year, Colombia’s GDP grew 2.7%, according to the National Statistics Department. The figure exceeds the expectations of 2.5% of the market according to the consensus of the estimates collected by Bloomberg.
The growth of public spending in 2024 led the vast majority of public administrations to breach the Stability Law, which sets targets for deficits, debt and spending for the public sector. The spending rule was largely exceeded by most territories, including the Central Administration, as contained in the compliance report published by the General Intervention. Specifically, the allowed limit of increase in computable spending in 2024 was 2.6%, …
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