Colombia approves $10bn more debt, will use $1.6bn this year

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Colombia approves $10bn more debt, will use $1.6bn this year

Colombia’s Congress on Wednesday authorised a $10bn increase in the amount of external debt the country can issue, although the sovereign is only planning to use $1.6bn of this extra capacity in 2013. The legislation lifts Colombia’s debt ceiling to $44bn.

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