Bond tax nears end in Colombia in quest to entice foreigners

Colombia is trying to make its bond market more enticing for foreigners as it seeks to fund a fiscal deficit swollen by the pandemic, a top Finance Ministry official said. The tax bill sent to congress last week proposes eliminating the 5% tax levied on foreign holders of local peso bonds. This will help the government attract investors to the local debt market, Deputy Finance Minister Juan Pablo Zarate said.

Source: Bloomberg