Treasury
Treasury vetoes r$ 20 billion loan to correios due to high interest rates
Raportoinut AI AI:n luoma kuva
The National Treasury refused to provide a guarantee for a r$ 20 billion loan negotiated by Correios with a bank consortium, deeming the interest rate excessive. The decision was communicated to the state-owned company's president, Emmanoel Rondon, on Tuesday, December 2, 2025. The company now seeks new negotiations to adjust the terms.
Colombia's Public Credit Directorate awarded one-year TES bonds at a cut-off rate of 13.494% in the March 24 auction, setting a new historical high. With 5.29% inflation, this yields a real rate near 8.2%. The outcome signals heightened fiscal risk perception among investors.
Raportoinut AI
Treasury Secretary Scott Bessent has urged lawmakers to pass the Digital Asset Market Clarity Act before the end of the spring legislative window. In a recent interview, he emphasized the need for clear market structure rules amid ongoing volatility in crypto markets. Bessent highlighted bipartisan support and the importance of resolving disputes over stablecoin provisions.