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New Finance Minister Bonilla Affirms He Will Respect Fiscal Rule

COLOMBIA
  • First comments have crossed the wires from newly appointed finance minister Ricardo Bonilla. As a reminder here is a link to our piece detailing the new appointment: https://roar-assets-auto.rbl.ms/files/52657/Colombia%20Politics%20Update.pdf
  • Talking on BLU Radio, his comments were as follows:
    • No need for new oil exploration contracts in Colombia
    • Colombia to decide on oil exploration after May report
    • Colombian revenue from oil and coal is too important
    • Says he will respect Colombia’s fiscal rule
    • Says he respects Colombian central bank independence
    • Says he'll seek to maintain Colombia economic stability
    • Confirms Colombia's Ocampo will be at April 28 central bank meeting (BBG)

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