The COVID-19 pandemic poses complex policy challenges. The main challenge is to prevent a massive contagion that will collapse the health system while avoiding an increase in poverty and the destruction of the fabric of economic life. The need to respond to this challenge raises an additional concern: the fiscal viability of the measures required to reduce the harmful effects on public health and mitigate the economic losses generated by isolation measures.
In this document we present a brief description of the current situation in the Colombian economy and, based on this, we formulate policy proposals having three objectives: (i) Contain the contagion and adjust the health infrastructure. (ii) Mitigate the negative effects of the crisis on the incidence of poverty and thereby achieve compliance with care and self- care measures for living with the virus. (iii) Protect formal employment and help companies to survive.
Finally, we review the measures already implemented and announced by the government in these three dimensions, we analyze the relevance and possible effectiveness of these policies, we propose additional policy measures and, finally, we discuss the possibilities for financing these proposals.
For more information, please see the full brief attached below.
The views expressed in the blog are the author's own and do not necessarily reflect those of the SDG Philanthropy Platform. The SDG Philanthropy Platform is a global initiative that connects philanthropy with knowledge and networks that can deepen collaboration, leverage resources and sustain impact, driving SDG delivery within national development planning. It is led by the United Nations Development Programme (UNDP) and Worldwide Initiatives for Grantmaker Support (WINGS), and supported by the Conrad N. Hilton Foundation, Ford Foundation, Oak Foundation, Brach Family Charitable Foundation, and many others.