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Emerging MarketsEM LatAm

Colombia ups financing needs, deficit forecast to intensify rating concerns

Bogota, Colombia, CAF, covid-19, 575, downtown, centro

Colombia has increased its external funding programme for the year to over $10bn after forecasting a larger 2021 fiscal deficit than it recorded in 2020, exacerbating concerns about the government’s ability to maintain its investment grade credit rating.

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