Government and banks reach an agreement to support flood victims
Meeting between bankers and the Ministry of Finance Photo: Ministry of Finance and Public Credit
TL;DR
- The Colombian government and banks have agreed on relief measures for flood victims.
- The agreement includes payment deferrals, reduced interest rates, and new productive credit lines.
- The initiative replaces previously announced compulsory investments by the president.
- The program, named 'Abrigo,' aims to provide immediate financial assistance and support recovery.
- No negative impact on credit history is expected; legal and pre-legal collections will be suspended.