Colombia.COLOMBIA Colombia (kəlŭm`bēə, Span. kōlōm`byä), officially Republic of Colombia, republic (2005 est. pop. 42,954,000), 439,735 sq mi (1,138,914 sq km), NW South America. Bogotá is the capital and largest city. said it plans to buy back US$4.20 billion in foreign debt due in 2006 and in 2011, depending on the demand from bondholders. The government will use cash reserves Cash reserves See: Cash investments cash reserves Investment funds that are held in short-term assets such as Treasury bills and certificates of deposit until more permanent investment opportunities are available. purchased from the Central Bank to finance the operation. |
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