Financial Times FT.com

Colombia poll crisis drives down peso

By Naomi Mapstone in Lima

Published: July 1 2008 21:49 | Last updated: July 1 2008 21:49

Republican presidential nominee John McCain arrived in Colombia on Tuesday amid a burgeoning political scandal that has spooked foreign investors and helped send the peso to a three-month low last week.

Faced with a Supreme Court challenge to the validity of the 2006 election, President Álvaro Uribe has called on Congress to allow a new election – a move that opponents say could help propel him towards a third term.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this