Colombia Extends Special Program for Supporting Employment

Colombia's National Congress has reportedly approved an extension of the special program for supporting formal employment (PAEF), which was implemented in response to the COVID-19 pandemic. Under the program, a monthly subsidy is granted to qualifying employers that have suffered a decrease in revenue of at least 20% due to COVID-19.

Originally provided for the period May to August 2020, the PAEF is now extended to apply for the period May 2020 to March 2021 and provides for a subsidy equal…