Colombia Launches IR Office

Colombia’s ministry of finance has launched an investor relations group that will look to bolster the treasury’s and the government’s efforts to create an open channel with local and foreign holders of the country’s debt. IR Colombia, as it is called, is based on a similar model employed by Brazil, Mexico and Peru, Julio Torres, head of public credit, tells LatinFinance. “We admire very much Brazil’s BEST effort,” says Torres, referring to an initiative headed by a number of Brazil’s market participants including the BM&F, the ANBID, market regulators and public credit offices. The group will have a web site, to be launched in September, that will provide financial data on the country and a team that will answer questions. The initiative was launched at LatinFinance’s Andean Investment Forum, held in Bogotá Tuesday.