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Latest news with #escapeClause
Bloomberg
a day ago
- Business
- Bloomberg
Colombia Activates ‘Escape Clause' to Rule That Curbed Debt
Colombia activated an 'escape clause' to suspend borrowing limits and allow the government to run higher fiscal deficits. During his presentation of the nation's fiscal plan, Finance Minister German Avila told reporters that not to have taken this move would have endangered macroeconomic stability.
Bloomberg
a day ago
- Business
- Bloomberg
Colombia Suspends Fiscal Rule That Curbed Government Deficits
Colombia will activate the so-called escape clause that suspends its fiscal rule, Finance Minister German Avila told reporters in Bogota. The rule was introduced by a law in 2011 and limited the government's ability to run up debt.
