Payment Facilities
Debt relief (Alivio de deudas)
Date announced
3/17/2020
Start date
3/29/2020
End date
7/31/2020
Date of last update
4/20/2022
Description
Individuals and businesses that cannot pay their dues as a consequence of the emergency will be able to request their banks for financial relief.
Official Sources
Superintendencia Financiera de Colombia (03-17-20). 'Circular Externa 007 de 2020' [https://www.superfinanciera.gov.co/descargas/institucional/pubFile1043877/ce007_20.docx]
Ministerio de Vivienda, Ciudad y Terrirtorio (03-29-20). 'Decreto 493 de 2020' [https://dapre.presidencia.gov.co/normativa/normativa/DECRETO%20493%20DEL%2029%20DE%20MARZO%20DE%202020.pdf]
Superintendencia Financiera de Colombia (03-30-20). 'Circular Externa 014 de 2020'. [hhttps://scare.org.co/wp-content/uploads/ce014_20-1.pdf]
Presidencia de la República de Colombia (03-30-20). 'SuperFinanciera define las características mínimas que deben tener las medidas aplicables a los deudores de crédito afectados por situación derivada del COVID-19'. [https://id.presidencia.gov.co/Paginas/prensa/2020/SuperFinanciera-caracteristicas-minimas-deben-tener-medidas-aplicables-deudores-credito-COVID-19-200330.aspx].
Presidencia de la República (03-30-20). “Créditos por $6,9 billones ya cuentan con los beneficios otorgados por el sistema financiero: SuperFinanciera”. [https://id.presidencia.gov.co/Paginas/prensa/2020/Creditos-por-6-9-billones-pesos-ya-cuentan-beneficios-otorgados-sistema-financiero-SuperFinanciera-200330.aspx]
Characteristics of the measure
Type of measure
Payment facilities (6)
Sphere
Containment of user spending (7)
Target population
Persons who have financial obligations (3) (17)
Delivery method
Cash or in-kind
Frequency / duration
Once, for 2 months
Place of delivery
Home delivery
Legal Framework
External Circular 014 of March 30, 2020
Decree 493, March 29, 2020
External Circular 007 of March 17, 2020
Responsible Institution
Financial Superintendence (Superintendencia Financiera, SFC)