MercoPress. South Atlantic News Agency

Colombia: Petro declares 30-Day “economic emergency”

In a move to bypass Congress on his proposed tax hikes, Colombian President Gustavo Petro declared a 30-day “economic emergency” on Tuesday. The measure, enacted via Decree 1390 of 2025, grants the head of State extraordinary powers for 30 days to circumvent Parliament and impose new taxes on the country’s wealthiest citizens. Read full article