Colombian banks expect 18 months of turbulence but see room to reactivate the economy

FinanceColombiaEl EspectadorOct 23, 2026, 1:16 PM40 s readAI summary

The heads of Colombia's largest financial conglomerates (Cibest, Aval, Bolívar and Grupo Social) anticipate 18 months of economic turbulence, amid a spending cut of about COP 14 trillion and a possible economic rescue law with an adjustment of up to 2% of GDP. Still, they voice optimism and propose investment incentives in housing, infrastructure, mining and industry, with guarantees, interest-rate subsidies and pension funds used for down payments.

In 40 seconds

The financial sector expects 18 months of economic turbulence, while the Government formalized a spending cut of about COP 14 trillion.
The Finance Ministry estimates the economic rescue law could involve an adjustment of up to 2% of GDP.
Juan Carlos Mora of Grupo Cibest says current growth potential is around 3%, against the official 6% annual target.

Read the full story at El Espectador

IASummary generated by artificial intelligence from a story by El Espectador. It may contain errors: the original source prevails.

banca
economía colombiana
reactivación
fiscal
vivienda

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Colombian banks expect 18 months of turbulence but see room to reactivate the economy

In 40 seconds

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill

Oil edges lower after U.S. bombs Iran ahead of Election Day