Citi warns Colombia cannot seize the favorable global backdrop without fiscal adjustment

FinanceColombiaRevista SemanaNov 12, 2026, 4:29 AMAI summary

Ernesto Revilla, Citi's chief economist for Latin America, warned at the Anif Assembly in Bogotá that Colombia faces favorable international conditions —a weak dollar, high commodity prices and a reconfiguration of global trade— but the deterioration of its public finances prevents it from taking advantage of them. Citi forecasts growth of 2.1% in 2026 and 1.8% in 2027, and expects a 25-basis-point hike in the Banco de la República rate in December, to 12.50%.

In 40 seconds

Revilla said a weak dollar, high commodity prices and distance from international conflicts favor Latin America, but those conditions will not last.
Citi projects growth of 2.1% in 2026 and 1.8% in 2027 for Colombia, with a slowdown tied to the fiscal adjustment.
The bank expects a 25-basis-point hike in the policy rate in December, to 12.50%, with cuts starting in 2027.

Read the full story at Revista Semana

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

Citi
ajuste fiscal
Banco de la República
crecimiento económico
deuda pública

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Citi warns Colombia cannot seize the favorable global backdrop without fiscal adjustment

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