Colombia formally requests IMF help as fiscal crisis deepens, weeks after minister ruled it out

Colombia has formally requested IMF assistance, with the fund to assess the country's fiscal situation, after President Abelardo de la Espriella ordered the finance ministry to open talks over the public finances crisis -- weeks after the finance minister publicly ruled out an IMF programme. The IMF has put fiscal adjustment at the centre of the debate, with Colombia needing to close the gap between revenue and spending.

Detected & updated continuously · Source: Nebula