President Juan Manuel Santos has called a meeting Tuesday to develop measures to protect Colombia from possible reverberations of the international economic crisis, according to a presidential press release.
The aim of the meeting is “to discuss the way to mitigate the possible effects of a recession or a worsening of the crisis that we are seeing on an international level.”
The meeting, first announced Saturday, will be attended by representatives from industry, the financial sector, small and medium sized businesses, professional and trade associations, and labor unions. It was proposed by Finance Minister Juan Carlos Echeverry.
President Santos added that Colombia is stronger than it was in 2008. “We have more reserves, the quality of the financial assets is higher, we have lower inflation, we have more room for maneuver,” he said.
