Castro labelled the government’s prediction of 4.2% as “remaining optimistic.” “Those who still insist that our economy is fully shielded to the oil situation are as much backwards as those who claim that we are today in a crisis,” Castro said. Castro further stated that the financial system is ready to face “the setback in the growth of the Colombian economy.” “Our simulations show that indicators of solvency and portfolio quality in our banks are not affected to the point of threatening the solid financial stability we have been consolidating after years of work,” Castro added.
