Colombian president proposes land debt plan

Colombian president proposes land debt plan

Debt Bonds Economy & Policy Corporate & Sovereign Strategy Capital Markets Politics Colombia ESG

Colombia President Gustavo Petro said his administration plans to finance a land redistribution program by raising COP60 trillion ($13.2 billion) in local debt, according to press reports. The president proposed buying 3 million hectares at market prices over a period of six years, which would require the government to issue COP10 trillion of debt a year, local newspaper La República reported, citing Petro's comments to local television. Owners would receive notes in exchange for their land, Pet

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