Company: CIB
Filing Date: 2025-11-14
Form Type: 6-K
Source: 0002058897-25-000052
Chunk: 24

Company: Grupo Cibest S.A.
Filing Date: 2025-11-14
Form: 6-K
Chunk 24
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To ensure national security, a new extension of the regime of suspension of constitutional guarantees has been approved for a period of 30 days. This measure maintains the suspension of the constitutional guarantees established in Articles 12 paragraph 2, 13 paragraph 2, and 24 of the Constitution of the Republic. With this extension, the regime of exception accumulates a total of 43 consecutive extensions since its implementation.

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Following a USD 1.4 billion agreement with the IMF under the Extended Fund Facility, progress continues on fiscal targets. Pending reforms include: Civil Service Law for the public sector, pension system reform (awaiting actuarial study), fiscal transparency measures, termination of public participation in Chivo Wallet, liquidation of Fidebitcoin, and changes to bank liquidity regulations.

Investment incentives continue via decrees, notably: i) Special Regime for High-Value Investments (over USD 2 billion in strategic sectors like tech, energy, manufacturing), offering tax exemptions; ii) Special Regime for Technical and Administrative Capacity Development, allowing companies to hire international experts or local talent at a reduced 10% income tax rate (up to USD 100,000 annually); iii) Special Law for Diaspora Benefits and Protection, facilitating return of Salvadorans abroad with fiscal and social incentives; iv) Creation of the Special Activities Fund for Digital Transformation Services, aimed at expanding technological services to boost business competitiveness.

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#### Economic And Sectoral Environment
In the economic sphere, so far this year the continuation of the global macroeconomic stabilization process has been confirmed, supported by a gradual improvement in the growth pace of several developed and emerging economies. At the same time, upside risks to inflation remain relevant, in an environment of high indexation in service prices and increased trade barriers, which could exert inflationary pressures toward the end of 2025 and throughout 2026. Additionally, geopolitical conflicts and the deterioration of public finances in some regions have contributed to increased volatility in international financial markets.

#### Colombia
The global context, shaped by widespread tariff announcements and geopolitical tensions, has had direct implications for Colombia. The weakening of the U.S. dollar has supported the appreciation of the local exchange rate, while increased risk appetite and the recovery of capital flows to emerging markets have contributed to a broad-based decline in sovereign risk premiums. Nevertheless, Colombia continues to face heightened financial volatility, particularly in relation to public debt management operations and the challenging fiscal outlook projected for 2025 and 2026.

Domestically, the Colombian economy remains in