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Bogota Rejects ETB Sale

Jul 27, 2011

Bogota’s city council unanimously has rejected a plan to sell off its 88% stake in telecom utility Empresa de Telecomunicaciones de Bogota (ETB). The council members say other financing options can be explored...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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