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Colombia Assets Sell Off as Lawmakers Try to Block Tax Rises Bloomberg 10 hrs ago Oscar Medina and Sydney Maki (Bloomberg) -- Colombia’s peso suffered the biggest sell-off in emerging markets as lawmakers threaten to scupper the government’s attempt to raise taxes, increasing the chances the nation’s credit rating will be cut to junk. The peso extended losses Tuesday and has weakened 2.3% this week, the most among emerging market currencies tracked by Bloomberg. Colombia’s dollar bonds due 2051 have slumped by more than 5 cents since mid-April to 93.1 cents on the U....

February 19, 2021 The power of Colombia’s president depends on his ability to manage the sometimes opposing interests of those who really control the country, like the so-called clans. While formally a democracy, all presidents of the 21st century have had no choice but to balance serving the public interest with private and even criminal interests. This unstable balance of power is partly due to the country’s political history and culture, and partly a consequence of the country’s armed conflict. The origins Bogota‘s inability to exercise political power on a national level since the...