Ivan Duque’s response to the Petro government’s proposal for forced investments

Former President Iván Duque spoke out regarding the proposal for forced investments which the National Government plans to take to the Congress of the Republic as part of its economic recovery plan.

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Through his X account, the former president expressed his disagreement with the idea, since, as he indicated, “What they call ‘forced investments’ is nothing other than the beginning of the ‘expropriation’ of people’s savings in banks.”

In his message, Duque also called on parliamentarians and the Cortes to prevent this initiative from moving forward. “Neither Congress nor the Courts can allow this dangerous attack on citizens’ rights. Protecting savings is a moral duty”he mentioned.

For more context, the proposal for forced investments is one of the pillars that integrates the project with the Petro government that seeks to give a boost to the national economy. With this idea, The Executive is looking to obtain resources to mobilize the locomotives of some sectors.

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In short, the initiative consists of the banking sector being able to use a portion of Colombians’ savings to make investments as determined by the Government. According to the Casa de Nariño, the strategy will focus on three investment axes: “for the export industry, housing improvements and new housing, and the popular economy.”

The reactivation package would also include “tax incentives that we will present in favor of tourism and clean energy.”

In an interview with EL TIEMPO, the director of the Administrative Department of the Presidency of the Republic (Dapre), Laura Sarabia, indicated that the National Government looks forward to receiving proposals to consolidate this proposal.

“What we want is to focus on optimizing these forced investments and to provide much more access to credit and investments in tourism, infrastructure, industrialization, and to be able to count on popular economies that really benefit from these resources.”Sarabia said.

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