Supporting Colombia's COVID-19 Crisis Response - Colombia :

Supporting Colombia's COVID-19 Crisis Response - Colombia


Supporting Colombia’s COVID-19 Crisis Response
Format
Like countries worldwide, the Colombian government was suddenly faced with the COVID-19 pandemic, requiring immediate response on multiple fronts. Notably, Colombia’s social protection system expanded its coverage to three million new households by the end of 2020, and throughout that year it provided additional cash transfers to almost 4.5 million beneficiaries of existing programs. These and other mitigation measures are estimated to have kept approximately 632,000 people out of poverty, narrowing a crisis-induced increase in the headcount poverty rate.
Challenge
The first case of COVID-19 in Colombia was identified on March 6, 2020. Recognizing that the virus spreads rapidly, the government moved on March 16 to manage the expected health crisis by imposing a national quarantine and lockdown. Activities in many sectors, including construction, transport, tourism, nonfood retail, and hospitality, came to a halt. An estimated 67 percent of the country's workforce (more than 15 million people) felt the economic effects, and many micro, small, and medium enterprises (MSMEs) had to close due to negative demand and financial shocks. At the time, the COVID-19 crisis was projected to cause the deepest recession in Colombia in more than a century. As it unfolded throughout 2020, at least 1.45 million people are estimated to have fallen into poverty, increasing poverty at least 3 percentage points and largely reversing the poverty reduction gains made in recent years.

Related Keywords

Colombia , United States , France , Colombian , French , America , American , Ingreso Solidario , Agence Fran , Pulso Empresarial , Heidy Barrera , Los Recursos , International Bank , Bank Group Contribution , World Bank , United Nations , American Development Bank , Development Bank , Multilateral Investment Guarantee Agency , Crisis Response Development Policy Financing , Findeter The Territorial Development Finance Bank , International Finance Corporation , National Guarantee Fund , Response Development Policy Financing , Partial Credit Guarantee , Territorial Development Finance Bank , Inter American Development Bank , Latin America , French Agence Fran , German Kreditgesellschaft , Infrastructure Resilience , கொலம்பியா , ஒன்றுபட்டது மாநிலங்களில் , பிரான்ஸ் , கொலம்பியன் , பிரஞ்சு , அமெரிக்கா , அமெரிக்கன் , சர்வதேச வங்கி , வங்கி குழு பங்களிப்பு , உலகம் வங்கி , ஒன்றுபட்டது நாடுகள் , அமெரிக்கன் வளர்ச்சி வங்கி , வளர்ச்சி வங்கி , நெருக்கடி பதில் வளர்ச்சி பாலிஸீ நிதி , சர்வதேச நிதி நிறுவனம் , தேசிய உத்தரவாதம் நிதி , பதில் வளர்ச்சி பாலிஸீ நிதி , பகுதி கடன் உத்தரவாதம் , இடை அமெரிக்கன் வளர்ச்சி வங்கி , லத்தீன் அமெரிக்கா , உள்கட்டமைப்பு விரிதிறன் ,

© 2025 Vimarsana