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Local Radio Reports Colombian FinMin to Resign

COLOMBIA
  • Local radio in Colombia is reporting that the Colombian Finance Minister Carrasquilla is to resign.
  • The news follows reports this weekend that the President had been moved to drop the country's tax plan after sustained and often violent protests in the country.
  • The plans included a blueprint to raise taxes in order to defend the country's investment grade rating with various ratings agencies.
  • Yesterday, the Colombian President was reported to have called on lawmakers to reach a near-term agreement on further proposals to help combat deteriorating national finances.

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