Economy & Business - November 2026

COLOMBIA: Two steps back and one step forward on fiscal austerity

ANDEAN COUNTRIES by Abbi Dicker 12 November 2026 Modified: 12 November 2026 3 views

President Abelardo de la Espriella’s first three months in office weren’t the way the far-right free-marketeer had imagined showcasing his much-heralded economic adjustment. The fiscal hole left behind by the previous administration turned out to be larger than expected, the August earthquake piled more expenses on the government’s plate, and a bungled approval of the 2027 budget in congress led him to fire his interior minister barely 10 weeks after taking office.

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