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Government Presents Four-Year Development Plan

  • Colombia’s government estimates its four-year National Development Plan will cost 1,154 trillion pesos ($241 billion), according to a Finance Ministry press release on Tuesday.
    • The plan consists of a 300-article bill that details the government’s road map and needs to be approved by congress by May 7.
    • Plan seeks to create an indexation unit, known as basic value unit or UVB, which is tied to core inflation (excludes food and regulated prices), with a starting value of 10,000 pesos.
  • According to a statement sent by the presidency’s press office, the plan aims toward “total peace”. The plan seeks to improve “environmental justice”, security, social justice, the right to nutrition, productive transformation, climate action and regional convergence.

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