Colombia seeks to raise debt ceiling to counter economic slowdown
The government presented a bill to Congress on Wednesday proposing that the debt ceiling be raised by $13 billion in order to finance social investment projects.
The government presented a bill to Congress on Wednesday proposing that the debt ceiling be raised by $13 billion in order to finance social investment projects.
Colombia’s foreign debt increased again this year, reaching over $76.4 billion which represents a 6.3% rise against this time in 2011. Figures from the Banco de la Republica show that…
Colombia’s foreign debt increased both in absolute terms and as a percentage of the gross domestic product (GDP), due to increased government debt. Total foreign debt rose to US$51.2 billion,…