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BanRep Chief Villar Says High Debt Levels Create Vulnerabilities

COLOMBIA
  • Colombia’s debt levels are high and create vulnerabilities that could deepen the consequences of external shocks, central bank Governor Leonardo Villar told lawmakers in Bogota. (Bloomberg)
    • Macroeconomic adjustment can’t fall on interest rates.
    • Deficit and debt estimates for end-2021 are still too high.

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