Grupo Aval calls for repeal of AFP fund repatriation decree in Colombia

María Lorena Gutiérrez, president of Grupo Aval, publicly urged the Colombian government to repeal a decree mandating repatriation of funds from pension fund administrators (AFPs), arguing it harms the sector. The statement, made at the ADN Aval meeting, signals growing private-sector opposition to the policy, though the government's response remains unclear. This matters as it could affect capital flows and pension fund investment strategies in Colombia.