Colombian debt to rise above 70% of GDP in 2021: Moody’s

The risk rating agency Moody’s Investors Service projects that the debt of the Government of Colombia in 2021 will exceed 70% of GDP. “In Colombia, the affordability of sovereign debt will deteriorate and interest payments as a percentage of public revenues will increase to 12.5% in 2021 from less than 10% in 2015, while the increase in the burden of the debt will be more pronounced between 2019 and 2021, “said the rating agency. The Government believes that the debt will be 64% of GDP.

Source: Dinero