Friday, May 18, 2007

Colombia to Freeze Public Debt at Dec. 2006 Level, President Uribe Says

(Bloomberg) -- Colombia plans to freeze its public
debt at the same level it had in December as part of its plan to
reduce spending, President Alvaro Uribe said late last night.

Colombia's public debt fell to between 30 percent and 32
percent of gross domestic product in December 2006 from 50
percent four years ago, Uribe said at a meeting at the
University of Los Andes, according to the presidential Web site.


Read more at Bloomberg Bonds News

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