César Arias has been appointed as the director of Colombia's Public Credit Department (Credito Público) by President-elect Abelardo de la Espriella.
Arias previously held the same position during the administration of former President Iván Duque, marking a return of a familiar face to a critical role in the country's sovereign debt management.
The Colombian peso is facing renewed selling pressure as financial markets digest the initial cabinet appointments made by the incoming administration.
Investors are closely scrutinizing the selections, which are being interpreted as signals of the new government's economic policy direction.
The peso's weakness reflects broader concerns about fiscal stability and the potential for policy shifts under the new leadership.
This development follows a series of cabinet announcements that have triggered volatility in local currency markets.