Colombia Shifts $49 Billion to Regions in Historic Decentralization Move

Colombia’s regions stand to gain a massive financial boost as Congress approved a reform that will increase their share of national income from 27% to 39.5%. This shift transforms the regional funding from 184 trillion pesos ($41 billion) to 218.7 trillion pesos ($49 billion). The reform aims to give regions more control over their development, […]

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