Colombia unveils $2.7 billion stimulus for economy

Colombian President Juan Manuel Santos launched a stimulus package aimed at easing the appreciation of the peso and boosting the economy after two sluggish quarters.

The president said “the effort” would cost about $2.7 billion.

Shunning the protectionist measures of Argentina and Brazil, the package takes aim at the exchange rate by encouraging private pension funds to invest more money overseas.


Full story (in Spanish)