At the National Mining Congress in Colombia, industry leaders stated that the country must prioritize legal security to attract foreign investment. ^[1] Andres Quevedo stated that the previous government's budget proposal lacked coverage for state payroll, the health sector, and the Fuel Price Stabilization Fund, leading to excessive public spending and a deepened fiscal deficit. ^[2] Andres Quevedo, Vice Minister of Finance, stated that physical security is a pillar for investment, noting it has been at historic lows of 16% since 1975. ^[3] Luz Stella Murgas said that attracting foreign investment requires a stable legal regime, economic incentives to counter the oil & gas tax burden, and inter-institutional coordination. ^[4] Frank Pearl, president of the Colombian Petroleum and Gas Association (ACP), stated that investors value stability above all and require public policies that ensure sustainable investments and regional benefits. ^[5] Juan Martín Jovanovich, partner at KPMG Argentina, stated that legal and regulatory stability is a central condition for attracting long-term investment in the mining sector. ^[6] Luz Stella Murgas emphasized that international capital is being contested by other countries in the region and warned that if Colombia does not offer sufficiently competitive conditions, investments may be directed elsewhere. ^[7] Sector representatives from oil, gas, and mining asserted that while they possess incentives for investment, Colombia lacks the necessary framework, creating barriers that they request the government to resolve with clear rules. ^[8]