Reseña

Over the past two years, the Government of Colombia has accomplished considerable advances regarding fiscal policy. These breakthroughs, in hand with a proper debt policy and a strong commitment to fiscal discipline led the country to recover its investment-grade credit rating in 2011 and to hold ever since a low risk premium for issuing debt. Conscious of the great responsibility and effect that the Nation’s debt management has on public finances, on the economy and the market, the Government committed itself to designing the Medium-Term Debt Management Strategy, in line with the National Development Plan “Prosperity for All 2010-2014”. By following these guidelines, the Ministry of Finance and Public Credit, led by the General Directorate of Public Credit and National Treasury, created the guidelines for administrating Centralized National Government public debt under the scope of efficient and integral risk management and determined the characteristics and goals that define what efficient debt portfolio management is.