Colombia is exploring the possibility of issuing loans denominated in Swiss francs—an unconventional and bold financial move as part of its ongoing efforts to manage the rising costs of its public debt.
The strategy aims to take advantage of the relatively low interest rates typically associated with the Swiss currency to refinance more expensive existing debt, particularly that issued in pesos and U.S. dollars.
Javier Cuellar, director of public credit at Colombia’s Ministry of Finance, confirmed that the government is negotiating loans of…