Colombia to Embrace Fiscal Transparency in a Bid to Regain Trust
Colombia plans to be more open about the true state of its public finances in a bid to regain investor trust and thereby cut borrowing costs, according to the nation's director of public credit.
The country is paying a higher risk premium for a perceived lack of transparency, which has generated investor skepticism, said Javier Cuellar, who is in charge of the nation's financing strategy.
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