- Abelardo de la Espriella is inaugurated as Colombia’s president, while Gustavo Petro served as president. Separately, Bolivia secured a $1.9 billion IMF loan.
- Abelardo de la Espriella is elected president of Colombia, while Barranquilla faces infrastructure failures and threats of US extradition.
EPM transfers to Medellín expected to drop by nearly half in 2027
What happened
Empresas Públicas de Medellín (EPM) transfers to Medellín are projected to fall by almost half in 2027, a drop exceeding COP 1 trillion. Officials attribute this reduction to losses incurred by Afinia and the El Niño weather pattern. Abelardo de la Espriella met with the EPM chairman in Barranquilla to discuss these financial weaknesses.
From riotimesonline.com
Why it matters
The sharp decline in EPM transfers strains Medellín's municipal budget, which was filed at only 0.67% above 2026 levels. EPM, a major city-owned utility that shares its profits with the city, is facing significant financial pressure.
Abelardo de la Espriella has been inaugurated as Colombia’s president, succeeding Gustavo Petro.
From riotimesonline.com
Who's involved
- Abelardo de la EspriellaMet with the chairman of Empresas Públicas de Medellín.
- Empresas Públicas de MedellínCity-owned utility facing reduced transfers to Medellín.
- MedellínThe city whose budget relies heavily on EPM transfers.
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The entities involved
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Abelardo de la Espriella
Colombian lawyer and businessman (born 1978)
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Empresas Públicas de Medellín
public utilities company from Medellín, Colombia
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Barranquilla
capital district of Atlántico Department in Colombia
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