Santos creates anti-recession committee

Colombian President Juan Manuel Santos announced Tuesday the creation of a permanent committee to study anti-crisis measures in the face of the threat of a global economic recession.

The committee will meet every two months to assess the international situation and the effects of an economic slow-down.

President Santos made the announcement at the end of a “very productive” four-hour meeting with representatives from industry, the financial sector, professional and trade organizations, labor unions, and small and medium-sized businesses.

“We are all in agreement that it is better to prevent than to regret. we are going to maintain constant communication if we see a warning sign in any part, we will call a meeting as quickly as possible,” said the head of state.

However no concrete measures were taken, such as restarting the Anti-cyclic Plan which worked in 2008, to confront the global financial crisis.

Related posts

Colombia’s Senate agrees to begin decentralizing government

Colombia’s truckers agree to lift blockades after deal with government

Truckers shut down parts of Colombia over fuel price hikes