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Colombia Sees ‘Unprecedented’ Swiss Franc Loans Easing Debt Cost

Summary by Bloomberg
Colombia is seeking to borrow as much as $10 billion in Swiss francs to fund the repurchase of more expensive liabilities in a bid to rein in the nation’s burgeoning debt service costs.

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The fintech concentrates 10% of the new credit users in Colombia, reveals TransUnion. Photo: taken from Freepik De las fintech talks about their disruptive model, that they have gained participation in the credit industry and their role in financial inclusion in the country. Hence, some questions arise how: who are those consumers that serve Fintech?, what are their ages?, how is their behavior? For this, TransUnion shares a study in order to re…

The debt of the car will be easier to pay: interest won’t be problem cabinez Jue, 03/07/2025 - 17:17 Author cabinez For many Colombians, having a car of their own represents much more than comfort. It is a personal goal that means independence, mobility and a better quality of life. However, financing it often becomes a difficult burden to sustain due to the high interest and monthly fees. The good news is that there are options to alleviate tha…

The Colombian government is exploring an unconventional financial strategy: resorting to loans denominated in Swiss francs to reduce the increasing costs of its public debt. This tactic, unprecedented in the region, seeks to take advantage of the strength and stability of the Swiss currency in the face of fluctuations in the Colombian peso and international financial volatility. What does this movement imply and what can be its risks and consequ…

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Bloomberg broke the news in United States on Thursday, July 3, 2025.
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