Colombia bonds weaken with tax reform under pressure

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Colombia bonds weaken with tax reform under pressure

colombia, tax reform, protests, bogota, LatAm, 575
2FK6H8R Bogota, Cundinamarca, Colombia. 28th Apr, 2021. A demonstrator holds a sign against the tributary reform as Colombians marched in streets of Bogota, Colombia on April 28, 2021 to protest against the tributary reform of president Ivan Duque Marquez. Credit: Chepa Beltran/LongVisual/ZUMA Wire/Alamy Live News | ZUMA Press, Inc. / Alamy Stock Photo/Alamy Stock Photo

Colombia’s sovereign bonds continue to trade wider as the government faces fierce opposition to a tax reform designed to salvage its investment grade rating. As protestors flocked to the streets on Wednesday to oppose the bill, which is being debated in Congress, the deputy finance minister said that the final version of the reform may not be as positive for government revenues as the initial version.

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