Six former Finance Ministers oppose Petro's proposal to impose mandatory investments: 'It's a terrible idea'

TL;DR

Six former Finance Ministers oppose President Petro's proposal for mandatory investments in the financial sector.
They argue the proposal is a "terrible idea" that will increase interest rates and reduce credit availability.
International experience suggests these schemes have negative effects and are often dismantled.
Bolivia and Venezuela are cited as examples of countries that have implemented new mandatory investments with negative outcomes.
More effective alternatives like rediscount guarantees and interest rate subsidies are proposed.
The ministers advocate for technical debate rather than a rushed decision due to the emergency.

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