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Financial News: COLOMBIA: Government To Refrain From Issuing Global Bonds

COLOMBIA: Government To Refrain From Issuing Global Bonds In The Short Term

10/19/2017 - 19:49:00 (RTTNews)

(RTTNews) - Colombia's government will refrain from new debt issuances in the global markets in the short term, said the country's Finance Minister, Mauricio Cárdenas.

"We do not need more financing from the international markets, and we have reduced our requests with the international banking system," Cárdenas said.

"All this because of the deficit reduction, the government financing needs are smaller, and we have the resources of the arbitration award paid by the companies of mobile telephony which will help us reduce our external indebtedness," he added.

Cárdenas also said that "the fiscal solidity of the country, which is a factor of confidence, credibility and the fundamental pillar of this economy, is what should ensure to all Colombians that we have a well-managed, responsible economy."

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