Abelardo de la Espriella seeks a way out of the fiscal crisis and orders talks to begin with the IMF: “The balance is in the red.”

On Sunday, September 27, President Abelardo de la Espriella announced that he has instructed the Minister of Finance and the government's economic team to initiate formal talks with the International Monetary Fund (IMF).

The decision comes as part of an effort to find a resolution to a mounting fiscal crisis, with the president explicitly stating that the national balance is in the red.