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The Nexus
BUSINESSJul 10 · 10:27 UTCTHE RIO TIMESJuan Martinez

Colombia’s Debt Ratio Just Fell. It Borrowed $20bn More Anyway

Colombia’s external debt ratio to GDP fell to 51.6% in April from 53.7% a year earlier, but the dollar value of its debt increased by $20bn to $247.7bn due to a stronger peso. The debt ratio decline mirrors levels seen in May 2020.

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