The Colombian economy expanded only 2.1% YoY in Q2 202, underscoring President Petro’s push for accelerated monetary easing. Previously, the finance ministry predicted a 1.7% growth rate for this year, with expectations of reaching 3% in 2025. Officials also plan to introduce legislation to reduce the corporate tax rate from 35% and propose a tax bill aimed at generating USD 3 bln to fund the 2025 budget.