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Finance Minister and BanRep Governor To Speak At Itau Conference

COLOMBIA
  • Finance Minister Jose Antonio Ocampo and central bank chief Leonardo Villar speak in economic conference organized by Itau – 5pm local time.
  • On Wednesday, center-right Radical Change party said in a statement posted on Twitter it will vote against the tax reform proposed by the Gustavo Petro administration.
  • Among the reasons, the party says it opposes a 10% increase in the price of several basic goods consumed by low income families.
  • Bill doesn’t say how the 25 trillion pesos ($5.7 billion) it intends to collect from taxpayers will be spent or invested, and it doesn’t propose limiting public spending
    • For reference, the party has 11 seats in the 108-seat senate.

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