Economy & Business - March 2023

COLOMBIA: Petro unveils sweeping national development plan

At first sight the Plan Nacional de Desarrollo (PND), the national development plan unveiled by President Gustavo Petro on 6 February, could be labelled as a naïve pipe dream designed to rally Colombia’s people behind a common cause and its president. Dubbed the plan to make Colombia “a global leader of life”, it espouses lofty ideals to eliminate violence, injustice, and poverty. But the 166-page plan, with twice as many pages annexed, sets out concrete targets and establishes specific policies that put flesh on Petro’s ambitious plans for sweeping social and economic change, from credits for micro-entrepreneurs and farmers to fibre-optic cables for high-speed internet, cash transfers for the poor, and the production of green hydrogen.

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