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Petro asked his cabinet to resign after a health reform debate in Congress failed for lack of quorum, and he then replaced Finance Minister Jose Antonio Ocampo with Ricardo Bonilla. The reshuffle followed the loss of his majority coalition in Congress.
Cabinet turmoil weakened the peso, stock market and domestic bonds, which affects the cost of dollar-priced imports for Colombian feed buyers. Analysts said a smaller coalition could mean less radical reforms and more stability over time.
reuters.comApr 26, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
