Colombia’s national gross debt closed at 62.9% of GDP as of April, according to recent reports. This figure reflects a 10.1% monthly decrease in external debt, amounting to $35.4 billion. The reduction is attributed to a combination of factors, most notably the prepayment of a portion of Trade Repurchase Swaps (TRS). This prepayment strategy contributed significantly to lowering the overall debt burden. Analysts suggest the move indicates a proactive approach to debt management by the national government. The decline in external debt could positively impact Colombia’s economic outlook and credit rating. Further details regarding the specific terms of the TRS prepayment have not yet been released.