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Ocampo Says to Reduce Fiscal Deficit to 4.3% of GDP in 2023

COLOMBIA
  • The press office of Colombian Finance Minister Jose Antonio Ocampo sent comments made in CNN interview where reiterated the commitment to fiscal stability.
  • Additionally, Ocampo said it’s difficult for the nation’s central bank to leave interest rates unchanged at a time when the US Federal Reserve is tightening policy.
    • “Given the context of rising interest rates worldwide, it is difficult for Colombia not to go in that direction, because otherwise we would have a capital outflow”.

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