Colombia | The challenge of building the recovery

Summary

The economic challenges for President Duque's remaining term are great and urgent, given the need to provide welfare for those who have lost their jobs and sources of income to the virus. Although the Government has acted swiftly to reach the most vulnerable, recovery measures need to be expedited.

Key points

• Key points:
• More programs need to be structured with agility. The business community needs messages about these programs to keep their businesses and therefore their jobs afloat.
• The process of executing the extraordinary resources for the virus in the last five months of the year needs to be speeded up as it has been very slow so far.
• Review the public expenditure scheme, particularly in subsidies and pensions, to increase equity.
• It is essential to decide on the basis for post-pandemic recovery with short- and medium-term decisions and structural reforms that must be taken swiftly.

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