After signing a deal with China's Xi Jing Ping, Colombian President Gustavo Petro returned home to bitter defeat of his flagship labor referendum project in the Colombian Senate.
In addition to the investigation into his role in the presidential campaign and appointment of the president of ISA, Roa is also allegedly implicated in a corruption scandal at Ecopetrol
Bank of America's analysis underscores significant fiscal challenges in Colombia, leading to a recommendation against investment in the country's assets.
The inclusion of a newly created entity raised suspicions of the potential for corrupt kickbacks and illegal enrichment with money allocated to defend Colombia.