Colombia: Central bank warns about capital flight

COLOMBIA - The Bank of the Republic has warned that Colombians are taking their money out of the country, a situation which was brought to the attention of the Third Senate Commission by Bank of the Republic President Miguel Urrutia Montoya.

Urrutia Montoya said that capital flight from the country was high during the first six months of the year, when the private sector's net credit - income versus expenses - was reported to be 1.156bn US dollars in the red.

He said that that situation was con