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The suspension is due to the lack of a credible fiscal plan under Colombia's current presidential administration.

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 Executive Board of the International Monetary Fund (IMF) approved on Friday a successor two-year arrangement for Colombia under the Flexible Credit Line (FCL) in an amount equivalent to SDR 7.8496 billion, or approximately $10.8 billion USD and noted the cancellation by...

The credit line replaces the pre-existing similar arrangement and Colombia will continue to see the funds as precautionary.

The announcement reaffirms a credit line originally approved by the IMF in June 2016. Colombia’s policymakers say they view this as merely a precautionary source of capital.

The Colombian government has no plans to draw on the credit line but wanted an increase from the previous $5.4 billion USD available as a precautionary measure.