The Colombian banking association Asobancaria has urged the country’s central bank to take measures to address liquidity challenges. Some of the proposals include reducing mandatory reserves for financial institutions, purchasing USD at market rates, and allowing foreign entities to acquire fixed-term certificates of deposit. The association noted that existing measures have managed to keep the gap between the IBR and the monetary policy rate close to zero. In other news, Colombian company Interconexion Electrica, also known as ISA, won three electric transmission line projects in Peru worth USD 141 mln, with a 30-year concession period.