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Emerging MarketsEM LatAm

Colombia bonds weaken with tax reform under pressure

colombia, tax reform, protests, bogota, LatAm, 575

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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