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Colombia’s president Juan Manuel Santos speaks in Bogota in November at the first-anniversary celebrations of the peace signing |
Should Colombia not take action to shore up its weakening public accounts, it would place its investment grade rating in jeopardy in doubt and risk the country becoming the only member of the Pacific Alliance to have this status.
When downgrading the country, Standard & Poor’s specifically highlighted Colombia’s “diminished policy flexibility” due to “weakened fiscal and external profiles”, as well as its climbing external debt.
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