The BIS warns of a bubble risk in Artificial Intelligence investments as Colombia and Peru reconfigure the investment landscape

COUNTRY RISK REPORT June 22-28, 2026

According to Cesce's Country Risk Report, the Bank for International Settlements (BIS) has warned about a possible shock in the markets due to the massive flow of capital into Artificial Intelligence (AI). At the same time, the Latin American geopolitical and commercial map is undergoing a significant shift with the confirmation of Abelardo de la Espriella as the new president of Colombia and the provisional victory of Keiko Fujimori in Peru, movements that will undoubtedly redefine the climate of foreign business and investment in the region.

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The so-called "bank of central banks", the Bank for International Settlements (BIS), has issued a serious warning in its latest annual report about the extraordinary volume of capital allocated to the development of the Artificial IntelligenceAccording to the institution, large corporations are expected to inject more than one trillion dollars In the coming months, a financial rollout largely supported by the debt issuance in international markets.

A clear reflection of this technological effervescence is the recent IPO of SpaceX on June 12, whose stock market valuation reached over two trillion dollars during its inaugural day on the stock exchange. While the BPI acknowledges that AI will significantly increase business productivity in the next decade, it warns that the economic returns on these massive investments could fall short in the face of the extremely high expectations generatedShould this scenario materialize, the organization warns of a potential slowdown in corporate financing, which would trigger a sharp stock market correction with global repercussions. The report evokes past speculative frenzies with disappointing commercial results compared to initial enthusiasm, such as canal investments in the 1830s, the British railway boom of the 1840s, or the well-remembered... dot-com bubble.

In the sphere of the investments in Latin America And with foreign trade policies, markets are assimilating a new geopolitical scenario. In Colombia, the National Electoral Council has delivered to Abelardo de la Espriella, leader of the far-right party Defenders of the HomelandThe official document confirming his election as president was presented after he won with a narrow 49,66% of the vote, compared to 48,70% for leftist Iván Cepeda (a difference of just 250.000 votes). In a gesture to facilitate the institutional transition, Cepeda withdrew his initial challenges. De la Espriella will assume power on August 7, succeeding Gustavo Petro for the 2026-2030 term, and will face a deeply divided Congress. His economic roadmap revolves around a aggressive fiscal adjustment plan, in addition to healthcare reforms and a strong stance against drug trafficking.

Meanwhile, in PeruThe elections of June 7th resulted in a provisional victory in the second round for the right-wing candidate. Keiko FujimoriSeventeen days later, with 99,8% of the votes counted, Fujimori has garnered 50,134% of the vote compared to 49,866% for her rival, Roberto Sánchez. Although the electoral board must ratify the official results between July 3 and 7 after resolving claims regarding overseas and rural votes (the remaining 0,13%), the candidate is already preparing for the transition of power. In response to this irreversible result, Sánchez has formed a parliamentary bloc with the Ahora Nación and Civic Works parties to act as a counterweight to Fujimorism in the interest of... "restoration of democracy".

Source: Cesce