Colombia’s New Finance Chief Woos Wall Street After Budget Shock

Colombia’s new finance chief is working to reassure Wall Street about the country's fiscal health after a shock to the budget. Officials expressed optimism that President Abelardo de la Espriella’s austerity plan will pass Congress, hinting that external borrowing next year could be significantly reduced. This move is crucial for maintaining investor confidence and stabilizing the country’s financial outlook, especially as it navigates economic challenges.