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Colombia to prefinance 2017 spending via debt sales

Monday, August 29, 2016

Colombia will prefinance some of its 2017 spending needs with a portion of the $2.8 billion in additional domestic debt it said it would issue this year, the finance ministry said in a statement.

The ministry published a decree on Monday that said it would increase the amount it would issue in domestic debt to fund the 2016 budget but provided no further information until Tuesday.

Source: Colombia Reports