Thursday, March 12th, 2015

NEW YORK, NY -- (Marketwired) -- Mar 12, 2015 -- LatinFinance has ranked Colombia's finance ministry number one in Latin America in its 2015 Finance Ministry Scorecard.

Colombia was the fastest-growing large economy in Latin America and the Caribbean in 2014. It kept its fiscal deficit limited, and attracted strong levels of foreign investment. Further, the country has a low debt ratio, at below 32% of GDP.

"Colombia's strong growth and commitment to controlling fiscal deficits made the finance ministry, led by Finance Minister Mauricio Cárdenas, stand out," says Katie Llanos-Small, LatinFinance's Editor-in-Chief.

The success of Colombia's finance ministry comes amid a difficult year for much of Latin America. Regional growth was sharply lower than 2013, and indeed the lowest for over a decade.

Cárdenas discusses his plans and strategies for Colombia's economy in the March edition of LatinFinance, available at http://www.latinfinance.com/finmin.

LatinFinance Finance Ministry Scorecard

LatinFinance's annual ranking of Latin American finance ministries recognizes outperformance in managing fiscal and external accounts, building sustainable economic growth and contributing to controlled inflation. It takes into account ministries' transparency and clarity in communications with markets, independence and institutional strength.

The decision is made by LatinFinance's editors, based on a series of in-depth interviews with market participants including ratings agencies analysts, private-sector credit analysts and independent economists. The period under examination is the year to December 31, 2014.

To see the full ranking, visit www.latinfinance.com/finmin.

About LatinFinance

LatinFinance is the leading source of intelligence on the financial markets and economies of Latin America and the Caribbean.

As the volume of information on the region grows, our role of cutting through the clutter to identify events of immediate significance and lasting importance to Latin America and the Caribbean becomes ever more vital. LatinFinance is the essential provider of news and analysis that cannot be found anywhere else.

Published from New York and Miami, with a network of correspondents across Latin America and the Caribbean, LatinFinance has covered banking and capital markets in the region for more than two decades. It is the authoritative source on debt, equity, structured finance, syndicated loans, private equity and M&A, as well as multilateral financing, people moves and secondary trading. For more information please visit www.latinfinance.com.

 

 

 

For more information please contact: 

Mary Barnes 

[email protected] 

212-224-3440 

Keywords

Colombia's finance ministry

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