During the Colombia Humana assembly held this Saturday, President Gustavo Petro defended his idea that Colombian banks should make forced investments as a mechanism to reactivate production.
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In his speech before the members of his political party, the head of State said that this figure has been used for several decades in agriculture, but that since his Government proposed that it be used for economic recovery, criticism has increased and its detractors have activated “the formula of lies”.
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“They themselves (the opposition) maintained the forced investments in agriculture, well done, although the Cabal and other ladies were already trying to end, by law, the forced investment that has existed for decades in Colombia, but as we said ‘let’s assign that expense to production to reactivate the economy in the jobs, then they came up with the formula of Heydrich’s lie’,” said Petro in his speech.
Manufacturing production
Courtesy
The law of forced investments, as explained by President Petro, It consists of redirecting part of the money currently in banks towards low-cost loans for productive sectors such as agriculture, industry and housing..
The idea is that these funds will be used to boost key economic activities, with the aim of reducing financial costs for these sectors and encouraging recovery.
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According to the government, the purpose of this policy is to mitigate the impact of the current economic crisis, especially in a context where the banking portfolio is deteriorating due to high interest rates. This is done by redirecting these resources towards credit institutions focused on the aforementioned fronts, to generate a sustainable economic cycle that helps projects such as the energy transition..
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