Colombia’s first left-wing gov’t has reduced poverty, but has pile of debt

Colombia’s first left-wing gov’t has reduced poverty, but has pile of debt

Colombia's Petro closes four years with 870,000 students on zero tuition, a 23% wage hike, and unemployment at a 25-year low (10.9%). The successor inherits debt at 58.5% of GDP — up $109bn — sharply limiting fiscal space for any policy direction.