Colombia’s External Debt Reaches 48.7% of GDP: A Moderate Position in Latin America

The Colombian peso’s devaluation has significantly impacted the country’s external debt this year. The Central Bank of Colombia recently disclosed that the external debt reached US$197.5 billion in July 2024. This amount represents 48.7% of the GDP. Public debt exceeded US$113 billion, while private debt amounted to US$84 billion. These figures translate to 27.9% and […]