Bottom Line Up Front

Today’s verdict: Colombia’s incoming government is taking shape with a security-first, reform-averse cabinet — the finance minister, Miguel Gómez Martínez, has promised fiscal discipline rather than new taxes — reinforcing that the filed wealth-tax reform is dead after the August 7 handover.

The cabinet’s shape. Gómez at Finance signals spending discipline over new taxes; the interior and defence picks point to a security-first posture.

The tax read. With the incoming team rejecting the filed reform, the wealth-tax threshold cut is firmly unlikely to reach residents.

The week ahead. Colombia’s Congress votes the inauguration venue Monday, and Peru swears in its cabinet Tuesday.