Government bets on "popular capitalism" in the bases of its 2026-2030 National Development Plan
The government of Abelardo de la Espriella presented the bases of its 2026-2030 National Development Plan, "Colombia, la Patria Milagro", which includes the so-called popular capitalism to bring small producers, self-employed workers and entrepreneurs into the formal economy. The draft, more than 400 pages long, sets targets of growth near 6% a year, investment at 25% of GDP in 2030, monetary poverty at 20%, long-term inflation of 3% and public debt around 64% of GDP. The expanded Conpes backed the document on November 12; the bill must be filed with Congress on February 7, 2027.
In 50 seconds
- Popular capitalism proposes creating New Civic Companies of Popular Capitalism (NEC) so producers can organize and hold ownership stakes in companies.
- 2030 targets include growth near 6% a year, investment at 25% of GDP, monetary poverty at 20%, inflation at 3% and public debt around 64% of GDP.
- Regions submitted 2,495 projects worth 566.9 trillion pesos and the government identified 119 strategic projects worth more than 150 trillion pesos.
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IASummary generated by artificial intelligence from a story by El Diario. It may contain errors: the original source prevails.
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