· Leonardo Villar-Gómez Wiki · Banco de la República (Colombia) WikiIntervention - 36th Capital Market Symposium
Read full speech on bis.org ↗ContextRemarks in Cartagena at the 36th Capital Market Symposium organised by Asobancaria; the Banco de la República keeps inflation low and watches Colombia's fiscal deficit and market funding.
Why it mattersColombia's governor explains the central bank's new role managing part of the pension system under the reform, while courts review it.
Problems raised
- Colombia's pension reform gives the central bank a new role.
- The fund must be managed prudently.
- The legal framework is under court review.
Solutions proposed
- Hire portfolio managers temporarily.
- Invest like a moderate-risk pension fund.
- Follow the legal framework set by Congress.