Colombia's government to send pension reform proposal to Congress

Members of Colombia's congress meet in the congress hall during a debate on tax reform, in Bogota, Colombia November 2, 2022. REUTERS/Luisa Gonzalez/File Photo

BOGOTA (Reuters) - Colombia's government is set to send a pension reform bill to Congress on Wednesday that would widen coverage and strengthen the state pensions administrator, although analysts fear it could pose a risk to capital markets and public finances.

The bill is one of a raft of social reforms pushed by the government of leftist President Gustavo Petro and follows hot on the heels of health and labor reform proposals.