Today: November 5, 2024
September 27, 2024
1 min read

Colombia desists from renegotiating debt of USD 5.4 billion with IMF

Medidas regresivas del gobierno de Gustavo Petro frente a la migración venezolana Colombia

In April, the president of Colombia, Gustavo Petro, announced that he would seek to renegotiate the debt, assumed during the government of his predecessor Iván Duque (2018-2022).


The Colombian government gave up renegotiating with the International Monetary Fund (IMF) the maturities of a debt of 5.4 billion dollars contracted during the pandemic, the Minister of Finance, Ricardo Bonilla, reported this Thursday, September 26.

«Colombia ratified that we are honoring the commitment to pay the debt. (…) We will finish paying this in 2025,” Bonilla told the media during a visit to New York. as reviewed AFP.

In April, President Gustavo Petro announced that he would seek to renegotiate the debt, assumed during the government of his predecessor Iván Duque (2018-2022) to counteract the effects of the pandemic.

Petro intended to extend the maturities of that liability.

Not having renegotiated the debt “does not mean that we are not entering a space of seeking other types of fresh resources where the International Monetary Fund is a support to find a reduction in interest rates,” Bonilla said.

*Read Also: Colombia will coordinate US project to unify migration management in Latin America

Petro assures that the credit assumed by the Duque government is “droking” the country’s finances.

At the end of 2023, the debt of Colombia, the fourth largest economy in Latin America, amounted to around $223.6 billion, equivalent to 52% of GDP, according to the Ministry of Finance.

Post Views: 106

Source link

Latest Posts

They celebrated "Buenos Aires Coffee Day" with a tour of historic bars - Télam
Cum at clita latine. Tation nominavi quo id. An est possit adipiscing, error tation qualisque vel te.

Categories

Itamaraty regrets death of young Brazilian in Lebanon
Previous Story

16-year-old dies in Lebanon, family say

National Party list has the image of Luis Lacalle Pou: Is that allowed?
Next Story

National Party list has the image of Luis Lacalle Pou: Is that allowed?

Latest from Blog

Go toTop