Ruth Maritza Quevedo Fique has assumed the role of acting Minister of Housing in Colombia, according to reports from La República.

The appointment marks a new chapter for the ministry, which oversees critical infrastructure and social housing programs across the country.

The Colombian peso recently experienced significant volatility, surging nearly 14% against the dollar in a move that led emerging-market rallies.

Quevedo brings an academic background in economics from the National University of Colombia, where she also pursued a master’s degree in Urban and Regional Planning.

Her dual expertise positions her to address both the fiscal and structural challenges facing the housing sector, particularly in light of recent economic fluctuations.

The change in leadership comes as Colombia navigates broader macroeconomic pressures.

The Colombian peso recently experienced significant volatility, surging nearly 14% against the dollar in a move that led emerging-market rallies.