A failed attempt at tax reform detonated violent protests in Colombia, which left at least 19 dead and ended up forcing the resignation of the Minister of Economy as well as affecting strongly the image of President Ivan Duque.
The initiative had been launched on April 15 to be debated in Congress with the aim of raising approximately $6.3 billion, equivalent to 2% of the GDP and tackling doubt commitments in a context of credit growth.
The Colombian economy depends on market access and, according to official data, the country s External debt reached $156.8 billion or more than half of Colombia s GDP is reverted to the debt.