Colombia Introduces New Economic Stimulus for Needy Households
Colombia’s President, Gustavo Petro, recently announced the replacement of the “Ingreso Solidario” social assistance program with a new subsidy called Bono de 500 thousand pesos, which began distribution across the country at the end of last year as part of the Shock Plan against Hunger. The new initiative aims to encourage food sovereignty and support the local economy by providing educational work on the nutritional needs of the various regions, community pots, peasant markets, and service fairs.
The Department of Social Prosperity has identified families in poverty and extreme poverty, mainly headed by women, mothers of households with children under six, beneficiaries of Solidarity Incomes, and new households as the primary beneficiaries of the 500,000-peso Bonus. The ‘Jóvenes en Acción’ program’s beneficiaries who are mothers with daughters under six years of age and meet program requirements are also eligible.
While there has been no official announcement about delivering the new bond from January 2023, the Colombian government is expected to make an announcement soon to help the most needy households in the country face the current economic crisis.
To check if you are eligible for the Solidarity Income program and its benefits, visit the ingresosolidario.prosperidadsocial.gov.co website and register with your ID number. Upon registration, you can access the user information registered and find out if you are eligible for any benefits.
The new subsidy initiative is a significant step towards providing economic relief to the most vulnerable households in Colombia, and its implementation will likely have a positive impact on the country’s economy in the long run.