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CONPES 4023 - New Commitment to the Future of Colombia (stimulus plan)

2021MitigationPolicyPlanMore details
Sectors: Economy-wide, Energy

The Nuevo Compromiso por el Futuro de Colombia (CONPES 4023) focuses on economic reactivation, sustainable growth, and inclusive development post-COVID-19. It addresses four key areas:

- Households: Actions to reduce poverty, improve economic stability, and mitigate the loss of human capital.

- Productive Sector: Strengthening sustainable and sophisticated production to create jobs and enhance internationalization.

- Institutional Framework: Improving institutional capacities for effective reactivation.

- Digital Development: Accelerating and strengthening digital infrastructure and capabilities.

The plan spans six years (2021-2026), with an estimated investment of 3.87 trillion pesos, and aims for long-term sustainable growth while addressing the immediate economic challenges caused by the pandemic. It notably aims to foster the intake of renewable energies.

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New Commitment to the Future of Colombia (stimulus plan)
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The summary of this document was written by researchers at the Grantham Research Institute . If you want to use this summary, please check terms of use for citation and licensing of third party data.