Colombia Readies Decree to Force Pensions to Invest More Locally
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Colombia plans to publish next year a decree that would force pension funds to invest more money in the local economy, according to a government website.
The Finance Ministry’s Financial Regulation Unit is preparing a draft decree that would require private pensions to allocate a larger share of their portfolios to “productive activities”, according to the 2026 agenda published on its website on Friday. The draft is expected to be presented in the second quarter.