Monday, June 5, 2023

Colombia: LLYC analyzes the challenges of the private sector ahead of Petro’s PND

The private sector in Colombia must adapt to the priorities of the government of President Gustavo Petro, which are the social component, the leading role of the state and the low involvement of the private sector to meet government goals.

These keys, which define the roadmap established by the first Colombian leftist government, do not, however, indicate the exclusion of the private sector from decision-making processes and its participation in the spaces of discussion, an opportunity that should be seized by the private sector. Needed . This is highlighted by a report released by the LLYC Public Affairs Team in Bogotá, Colombia, which analyzes the National Development Plan (PND) 2022 -2026, “Colombia World Power of Life”, which sets out the line of action . Petro Govt.

New Government Priorities: New Challenges for the Private Sector

The LLYC Bogotá monitored new legislative proposals of the Petro government, and analyzed more than 7,000 amendment proposals that were raised after participating in the debates of the Senate and the House of Representatives, which gave rise to the PND.

Based on the said analysis, it is observed that “the plan will focus on closing social gaps and empowering communities and sectors that have been kept out of decision-making. And it anticipates a challenge for the private sector to be have to adapt to new government priorities”, highlights the document.

In this sense, Luz Angela Sánchez, Senior Director of Public Affairs in Bogotá, explained: “The measures of the Development Plan bring various challenges to the private sector, which must remain active and purposeful in order to articulate with the new priorities of the Government and more respond to the demands of active citizens”.

How can the private sector participate in decision making?

Even though the focus of the PND is directed towards the social component with a leading role of the state and less involvement of the private sector, the report clarifies: “This does not mean that the private sector will be excluded from the decision-making process. Further discussion Partnership”, he says that the Petro government’s development plan “bets on social objectives, but without seeking to the detriment of the private sector”.

In this regard, he points out that the three branches of public power (executive, legislative and judicial) are considered institutional channels intended to ensure that all interested parties can be included in public policy decisions.

“Furthermore, it is time for the private sector to be proactive in building alternatives and collaboration proposals that allow them to be included in the country’s discussions, respond to new social demands, and align with objectives shared with the government.” is”, advice from the LLYC Bogotá Public Affairs team.

Central Elements of National Development Plan of Petro Government

Among the central elements of the National Development Plan, the LLYC report highlights the following verbatim:

Priority is given to the social component, where 68% of investments for four years will be focused on the axis of transformation of human security and social justice and the human right to food. This includes subsidy measures like Citizen Income Programme, Zero Hunger In-Kind Transfer, Subsidy for public services.

Areas are the central axis of ordering and above all, it will play a fundamental role in the face of comprehensive rural reform. Updates and cadastral management, as well as tools for the management of property in the process of domain extinction, will contribute to the redistribution that the government adopts.

Transport, justice and education are also priority areas in the development plan through measures such as strengthening road safety functions, the formulation of a ten-year plan for the justice system, and the adoption of financial measures to reduce educational debts.

The plan lays the foundation for the reform of the health system as it strengthens mechanisms for the administration of public resources and makes progress in elements to promote the local pharmaceutical industry.

The financial sector will play a relevant role in the context of financial inclusion, especially in vulnerable communities that do not have access to credit to promote business.

Keeping in view the objective of energy transition, the plan establishes measures such as the creation of an additional tax on gross sales of energy by generation for new plants that are not yet in operation and are located in areas with high solar radiation More wind speed.

Nation World News Desk
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