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Economic deceleration, a period of high inflation, and increased income inequality and poverty rates following the pandemic underpin risks to social and political stability.

Fitch says gpvernment-controlled enterprises may raise fiscal pressures and financing needs of governments that already face sizeable fiscal challenges.

Coffee exports were a principal driver of the increase.

Downgrades exceeded upgrades 2-to-1 compared to 4.3x during 1Q24 and 7.1x during 4Q23.

Colombian Finance Minister Ricardo Bonilla must be pulling his remaining hair out.

Hopefully, we will get the 1% cut that will add some stimulus to the market.

The government’s intention to amend the country’s fiscal rule highlights continuing challenges to consolidation sufficient to stabilize debt/GDP durably.

Overall, Colombia exported $4.97 billion USD in non-mining and energy goods in the quarter.

El Niño who? The little boy has almost been forgotten already. Yesterday's news — as all eyes now shift to La Niña.

Once again, we are seeing the lack of a Colombian collective with everyone in it for themselves.