“We hope this initiative serves to inspire to develop and look forward to showcasing the great projects companies are advancing with their communities,” said Paul Harris, Colombia Gold Symposium President.
The sovereign downgrade reflects the deterioration of the public finances with large fiscal deficits in 2020-2022, a rising government debt level, and reduced confidence around the capacity of the government to credibly place debt on a downward path in the coming years.
The negative outlook reflects downside risks to the economic growth outlook and uncertainties about the capacity of the government's policy response to decisively cut deficits and stabilize and eventually lower debt in the coming years, following the sharp rise in general...
The outlook change to negative reflects risks that the economic and fiscal effects of the coronavirus shock, which Moody's identifies as a social risk under its ESG framework, may leave a lasting impact on Colombia's fiscal strength and its overall credit profile.
The Colombia Gold Symposium, organized by Paul Harris, publisher of Colombia Gold Letter, also covers other metals such as silver and copper, and gives Ecuador equal billing in the symposium content, with additional attention given to Peru and Chile.