Colombia revokes decree capping private pension funds’ foreign investments at 30%
Colombia’s newly inaugurated government revoked a decree capping private pension funds’ foreign investments at 30%, Finance Minister Miguel Gomez said on Wednesday.
BOGOTA, Oct 7 (Reuters) — Colombia's newly inaugurated government revoked a decree that capped foreign investments by private pension funds at 30%, Finance Minister Miguel Gomez said on Wednesday. The previous decree, issued last April by the administration of former President Gustavo Petro, aimed to force pension funds to repatriate capital to boost investment in domestic infrastructure and economic projects. com;)