Uribe Until 2014 Looking Likely

BMI View: On April 15 Colombia's first senate commission allowed for a change to the referendum bill, paving the way for President Álvaro Uribe to run for a third consecutive term in office in 2010 should he choose to do so. While a few hurdles still block his potential re-election bid, the likelihood of the president serving another term now looks strong, which is good news for investors but bad for the country's longer-term political risk outlook.

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