This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Colombia’s Access to $8.1bn Credit Line Paused by the IMF
April 29, 2025
Colombia’s access to an $8.1bn credit line was paused by the IMF, citing concerns over the country’s worsening fiscal deficit, which reached 6.8% of GDP last year. President Gustavo Petro criticized the IMF in a social media post. The IMF made future access to the credit line conditional on further consultation and review, amid delayed fiscal reforms. The 2-year credit line was approved by the IMF about a year ago. Investors expect the country will continue to breach its deficit targets over mounting spending pressures ahead of Petro’s final year in office. Although Colombia’s finance minister downplayed the situation, analysts warn of worsening fiscal pressures and urgency for credible spending adjustment plans by the government. The IMF move highlights growing concerns over Colombia’s public finances but does not immediately impact its debt profile, the analysts added.
Colombia’s dollar bonds traded weaker with its 5.625% 2044s down at 71.2, yielding 8.78%
For more details, click here
Go back to Latest bond Market News
Related Posts:
Credit rating boost for Ireland & Portugal: EU inches towards recovery
September 20, 2017
China Refutes S&P Downgrade Action
September 26, 2017
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.