Colombia's ratings come under pressure from lack of tax reform

Colombia's ratings come under pressure from lack of tax reform

Corporate & Sovereign Strategy Economy & Policy Bonds Debt Colombia Regulation Politics

Colombia's sovereign bond prices in the secondary market suffered little after the government withdrew a proposed tax reform proposal because the market did not expect the bill to pass as it was written, but the country is still under pressure to make necessary fiscal adjustments, sources told LatinFinance. On Sunday, President Ivan Duque said his administration would not pursue proposed tax reform legislation after days of protests in many cities across the country. On Monday, the price of Colo

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