Petro Forces Banks to Fund Climate Emergency

Key Points — President Petro will force Colombian banks to direct a fixed share of deposits toward government-chosen sectors via emergency decree, after declaring an economic emergency over catastrophic flooding that has hit 50,000+ families — Six former finance ministers — spanning left and right — signed an open letter warning the measure would raise […]

Petro Forces Banks to Fund Climate Emergency
Key Points — President Petro will force Colombian banks to direct a fixed share of deposits toward government-chosen sectors via emergency decree, after declaring an economic emergency over catastrophic flooding that has hit 50,000+ families — Six former finance ministers — spanning left and right — signed an open letter warning the measure would raise […]