(Bloomberg) — Colombia’s Congress has approved an increase in the country’s debt ceiling, removing the risk that the country will be unable to pay off its foreign loans.
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The Senate and House voted to increase the debt limit by $17.6 billion on Thursday, the last day of the 2023-2024 legislative session.
President Gustavo Petro warned last month that the government could be forced to stop payments if lawmakers refused to pass the bill.
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