06 May 2020 – Economic emergency declared, 40% wage subsidy made available

Type of Intervention: Executive Order, Financial and Economic
Sectors Involved: Finance/Economy
Level of Jurisdiction: National
Lead People/Agency: Decision made by President and Cabinet of Ministers

Overview: A new economic emergency is declared by decree 627 on May 6, 2020, in which they will take economic measures to protect employment. In order to attend to new effects that are derived for the country, some of the measures will be to protect the payrolls of the country’s SMEs, it was decided that we can subsidize the equivalent of 40% of a minimum wage to all the workers of the companies that have had a decrease of at least 20% in your turnover
Full details here: https://www.eltiempo.com/politica/gobierno/duque-habla-sobre-las-ultimas-medidas-tomadas-frente-al-covid-19-492566

Type of Justification: Advice of INTERNAL government advisory committee or group, Perception of an increased threat
Source of Evidence or Justification: National – government