Post by salmasalma on Feb 26, 2024 21:56:41 GMT -8
Because that requires mobilizing all types, assets and liabilities of the economy.” Moderate optimism Just a week ago Standard and Poor's issued a warning to Colombia to improve its economic growth or prepare for a new downgrade in its credit profile. With the revision of Colombia's outlook to negative, the rating agency issued the ultimatum before the country moves one step further from the investment grade (BBB) that it lost in 2021. Despite this, Mora remains optimistic that Colombia will not see its rating downgraded below the BB+ it currently has. "I am not so pessimistic, I think that 2024 will be a transition year in which economic growth will be low, but that in 2025 the growth will be much better.
And for Mora the conditions for prosperity 2025 will occur with much lower interest rates, much more moderate inflation and the conditions given to reactivate the Namibia WhatsApp Number productive sector. Although the S&P bell was due to low GDP growth, Mora considers it to be an alert about Colombia's fiscal position. “The S&P call to attention in the panorama speaks a lot about the fiscal position, and where it focuses is on: that growth, what effect it has on the country's fiscal situation, that is where we must focus on what that fiscal management is going to be like.” and how it is managed according to the income that the Government receives.
The reforms continue to worry Bancolombia has issued different alerts about the deficiencies of the labor and pension reforms that the Government presented to Congress. Although the discussions seem stalled, the projects are still alive in the legislative branch and, in addition, still retain articles that would undermine the capital market. “The labor reform is not a reform designed to reduce informality. It has other purposes, but not to generate formal employment,” said Mora. And regarding the pension, which has been said to destroy the capital market, Mora said that “a country does not develop if it does not have a strong capital market.
For the president of the bank, the Colombian is increasingly languishing and warns that "if we do not take that into account in the pension reform, that is, who are those actors going to be and how are they going to generate that dynamic in the capital market to Invest in securities of banks, or companies, or to develop infrastructure via bonds and long-term financing? term because that is going to continue affecting us.” Finally, he referred to the tax reform that President Gustavo Petro and the Minister of Finance, Ricardo Bonilla, have proposed to reduce taxes on companies and there is little optimism that it will come to fruition.
And for Mora the conditions for prosperity 2025 will occur with much lower interest rates, much more moderate inflation and the conditions given to reactivate the Namibia WhatsApp Number productive sector. Although the S&P bell was due to low GDP growth, Mora considers it to be an alert about Colombia's fiscal position. “The S&P call to attention in the panorama speaks a lot about the fiscal position, and where it focuses is on: that growth, what effect it has on the country's fiscal situation, that is where we must focus on what that fiscal management is going to be like.” and how it is managed according to the income that the Government receives.
The reforms continue to worry Bancolombia has issued different alerts about the deficiencies of the labor and pension reforms that the Government presented to Congress. Although the discussions seem stalled, the projects are still alive in the legislative branch and, in addition, still retain articles that would undermine the capital market. “The labor reform is not a reform designed to reduce informality. It has other purposes, but not to generate formal employment,” said Mora. And regarding the pension, which has been said to destroy the capital market, Mora said that “a country does not develop if it does not have a strong capital market.
For the president of the bank, the Colombian is increasingly languishing and warns that "if we do not take that into account in the pension reform, that is, who are those actors going to be and how are they going to generate that dynamic in the capital market to Invest in securities of banks, or companies, or to develop infrastructure via bonds and long-term financing? term because that is going to continue affecting us.” Finally, he referred to the tax reform that President Gustavo Petro and the Minister of Finance, Ricardo Bonilla, have proposed to reduce taxes on companies and there is little optimism that it will come to fruition.