INSUBCONTINENT EXCLUSIVE:
Despite the recent political upheaval in Colombia, marked by scandals involving Laura Sarabia and Armando Benedetti that led to their
resignations and left President Gustavo Petro without two key government members, investors are displaying unexpected confidence in the
levels last seen in August of the previous year.Also, the 5-year Credit Default Swap (CDS), an indicator of country risk, has undergone a
(Photo Internet reproduction)In May, the indicator closed at around 280 basis points (bp), but a strong downward trend started emerging in
inflation rates, a trend seen across most of Latin America, in a relatively calm external environment, is favoring emerging assets, as seen
CDS trend resembles that of other financial assets, such as currency, where a greater proportional devaluation was seen in the latter part
of the previous year compared to the region, with an effort to narrow this gap starting this year.However, CDS lagged behind the peso in
framework, and a healthy international market presence that attracts investors.With information from BloombergColombia news, English news
