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Breaking the fiscal rule without extraordinary cause may risk overspending, mounting debt, and a blow to Colombia’s economic credibility.

In Colombia, some things are sacrosanct — and the fiscal rule is one of them.

The hope is that Colombia can start to resemble the sum of its parts which would allow the reduction of poverty and the flourishing of a country with incredible potential.

Citigroup said in a statement that the confusion sends the wrong message and challenges board independence.

A left-wing President appointing a conservative party senator to head foreign relations sends a strong message to Colombians & foreign governments.

Petro's new appointments seem to be a bid to calm fears of a radical, militant presidency.

Ocampo has been charged in the first instance with the completion of both a complex tax reform and a development plan by the end of the year.

Replacing César Vallejo, the respected economist Ocampo will be one of the seven board members to vote during the next Banco de la República meeting in March.