Andean nations face fiscal challenges on politics

Andean nations face fiscal challenges on politics

Fitch Ratings Credit Ratings Corporate & Sovereign Strategy Bonds Debt Andean Latin America Chile Colombia Peru

Presidential elections are raising fiscal uncertainty amid rising social spending pressure in Chile, Colombia and Peru, potentially affecting their sovereign credit assessments, Fitch Ratings said in a report on Thursday. While a new administration recently took office in Peru, Chile will hold a presidential election in November and Colombia in May 2022. This is raising political tension and social discontent, which were building before the COVID-19 pandemic exposed the weak health systems, soci

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