Petro talks about stocks with which it hopes to cope with inflation

President Gustavo Petro announced his plan to curb inflation in the country, which is based on four measures: the reduction of interest rates, the offer of one million credits to fight the “drop by drop”, the search for reduction of food prices and energy rates.

He stressed that the reduction of interest rates is already underway by both public banks, in the case of Banco Agrario, and private banks.

Petro pointed out on his Twitter account that “in the quest for lower food prices and greater profitability for agricultural producers, Banco Agrario today has the lowest producer interest rates of any bank in the country.”

This benefit applies to five small producer credit lines, which went from an annual effective rate (EA) of 19.98% in November 2022 to 15.63% in March 2023; Rural woman, from 17.90% in November 2022 to 15.31% in March 2023; Youth in rural areas, from 19.60% in November 2022 to 15.42% in March 2023; Agrolisto, from 18.99% in November 2022 to 15.53% and Crédito Verde, from 18.89% in November 2022 to 15.37r% in March 2023.

Another measure is placing one million credit transactions for Colombian men and women who do not have access to formal financing through the popular economy’s credit inclusion strategy “CREO, a credit to get to know each other.”

This aims to meet the financing needs of small-scale production units, traditionally neglected, across the country and in all sectors of the economy, combating funding sources such as ‘drop by drop’.

The Ministry of Finance, the Ministry of Agriculture, the Ministry of Commerce, Industry and Tourism, the Bicentennial Group and the Department of Oportunidades participate in the implementation of this initiative.

President Petro pointed out that an agreement had been reached with the “National Association of Businessmen of Colombia (ANDI) and the Society of Farmers of Colombia (SAC) to design and implement measures to reduce food prices”, which received a positive response . waiting for a working group to be convened to analyze the proposals.

In addition, the mechanisms and strategies enabling the reduction of energy rates are being developed with the Ministry of Mines and Energy,




Source: El heraldo

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