Economy

In preparation for the discussion of the pension reform, I would like to highlight some elements of the current system. Today in Colombia there are two pension systems: the public, Media Premium Regime (RPM), administered by Colpensiones, and the private, Individual Savings with Solidarity Regime (RAIS), administered by the AFPs. The RPM is a traditional pay-as-you-go system that has generated significant actuarial imbalances in all parts of the world, mainly due to the demographic transition. The problem is that, with the aging of the population, every day there are more pensioners for each active worker and, consequently, the pay-as-you-go systems…

When in January 2020 those attending the meeting of the World Economic Forum (WEF) in Switzerland registered the news that they spoke of a highly contagious virus appearing in China, the reaction was calm. The scientists present on that occasion assured that, Just as it had happened in several previous emergencies with respiratory illnesses, this one would be contained without too many disturbances. Less than seven weeks later, the World Health Organization gave the coronavirus, already identified as the cause of covid-19, the qualifier of a pandemic. Overnight, what seemed to be a manageable risk became the worst health emergency…

As if the future of hydrocarbon exploration and exploitation in the country were not dark enough today, a new voice is now appearing in the high government: that of the director of the National Planning Department, Jorge Iván González.Philosopher from the Javeriana University, he has a master's degree in Economics from the Universidad de los Andes and a PhD in Economics from the Catholic University of Louvain, in Belgium, where President Petro was also born. The senior official opens the dialogue, answering the following question:Can Colombia do without the resources that produce oil and coal?All countries agree on the decarbonization…

Regarding the provision of the Government that, through Decree 050 of 2023, establishes not to increase the rates of the trips by Invías and ANI, the Colombian Chamber of Infrastructure makes the following statement: sudden changeDecreeing the freezing of toll rates for concessioned roads is reflected in an untimely change in the rules of the game in a long-standing business, whose financial backbone, precisely, is supported by the collection derived from tolls as a source of payment for the investments made on the concessioned infrastructure.Consequently, the State will be forced to compensate the projects and deliver, with money from the…