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Colombian Minister of Finance Mauricio Cardenas will sit on three of the four committees.

One analyst firm believes the move "to step up the pace of interest rate cuts is a clear response to the weakness of the recent activity data."

Fitch noted Colombia improving macroeconomic imbalances, current account deficit reduction, and falling inflation rate.

"I don't have the slightest doubt that the worst has already passed," said Cárdenas while predicting better economic growth this year than the 2.0% seen in 2016.

The February rate is down from 5.47% in January — and a marked decrease from the 8.97% seen in July 2017.

“We have to wait for the results of the tax reform," analyst Richard Francis told Finance Colombia in New York.

Finance Minister Mauricio Cardenas says the overhaul "is a difficult measure that will require a large sacrifice of all Colombians — but it is necessary."

Interestingly, this loan — for 990 billion Colombian pesos — wasn't due until February 2024.

Parody had taken the lead role in promoting the "Si" campaign to ratify the President Santos' peace deal.

The secretary's mission is to consult with Colombian officials on their plans to maintain strength in public finances in a post-conflict Colombia.