Colombia's government is weighing a tax reform proposal that, if passed, would help raise 26 trillion pesos ($6.48 billion) to fund its 2026 budget, two government sources told Reuters on Wednesday.

Shoes, electronics and clothing are just some of the goods that could get more expensive under the trade agreement President Donald Trump announced with Vietnam on Wednesday.

Ratings agencies S&P and Moody's downgraded Colombia's debt rating by one notch on Thursday, with both citing weaker fiscal performance.