The Uncomfortable Rule of Law
By Alberto Velásquez Martínez - [email protected]
TL;DR
- The national government is delegitimizing the Central Bank, similar to previous attacks on other institutions vital for a democracy.
- Public finances are in chaos, with an estimated twin deficit of 7.5% for 2025 and no apparent action being taken to address it.
- Public debt has reached 65% of GDP, a significant increase from 2022, alarming markets and leading to record high interest rates on Colombian debt.
- Colombia has canceled its flexible credit line with the IMF, and its international risk margin is higher than that of other emerging economies in the region.