Wednesday, June 6, 2007

Colombia's Uribe Says He Has No Plans to Extend Capital Inflow Controls

(Bloomberg) -- Colombian President Alvaro Uribe said
the government has no plans to impose further restraints on
short-term capital inflows and won't impose any controls on
foreign direct investment as it seeks to stem the peso's rally.

``I am convinced, I have the certainty, that we cannot put
capital controls on foreign direct investment,'' Uribe, 54, said
in an interview last night in his office at the presidential
palace in Bogota. ``So far, we haven't thought of any new ideas,
and my concern now, my focus, is on how to protect jobs.''


Read more at Bloomberg Currencies News

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