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FILE PHOTO: The logo of the International Monetary Fund (IMF), is seen during a news conference in Santiago, Chile, July 23, 2019. REUTERS/Rodrigo Garrido. BOGOTA (Reuters) - Colombia needs a more durable fiscal adjustment to meet its financial targets, the International Monetary Fund said on Friday, adding that the country’s central bank should increase reserves to protect against external shocks. Hamid Faruqee, chief of the IMF’s mission to Colombia, highlighted recent improvements in tax collection and spending efficiency. But in remarks to reporters, after the IMF trimmed its growth forecast for Colombia to 3.4% this year from a previous forecast of 3.5% in January, Faruqee said the An... Full story

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