Colombia: Billions in Coronavirus Aid for Banks; Handouts for the Poor

Massive support for the financial sector. Greater support for large than small-sized entrepreneurs.

RIO DE JANEIRO, BRAZIL - Opposition members in Colombia have strongly criticized what they regard as unjustified state transfers to banks and large companies during the ongoing pandemic caused by the novel coronavirus Sars-CoV-2. One of the government's aid packages totals 500 billion pesos (around US$126 million) annually.

These transfers are part of the economic and social measures adopted by President Iván Duque since March in response to the health emergency caused by the economic impact of the Covid-19 pandemic.

Meanwhile, as a sign of protest, the people of the slums are hanging red cloths . . .

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