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Colombia's Finance Minister Resigns Amid Budget Clash

3/18/2025

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Summary

Story summary

Colombia's Finance Minister Diego Guevara is stepping down after clashing with President Gustavo Petro over contentious budget cuts. While the finance ministry remains silent, local markets have already felt the impact, with the peso taking a hit. Guevara, who served just three months, could be succeeded by Germán Ávila Plazas.

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Story summary

Colombia's Finance Minister Diego Guevara is stepping down after clashing with President Gustavo Petro over contentious budget cuts. While the finance ministry remains silent, local markets have already felt the impact, with the peso taking a hit. Guevara, who served just three months, could be succeeded by Germán Ávila Plazas.