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23 November, 2020 Colombia Global: 62 Availability: 65 Cost: 16 Regulation: 65 Productivity: 48 2020 Global TWI Ranking (out of 76) 2020 Regional TWI Ranking (out of 21) Region: 13 Availability: 13 Cost: 4 Regulation: 15 Productivity: 11 Remote Readiness 11 Remote Readiness 62 Colombia has spent over $7.1 billion USD on measures to mitigate Covid-19. Of this approximately a third has been spent on the healthcare sector. Measures to offset the financial impact include: • Payment for vulnerable groups and workers in the informal sector • Financial support for workers recently made unemployed • Wage subsidies for businesses with a drop in revenue of 20% • Reduction in pension payments for impacted businesses https://www.imf.org/en/Topics/imf-and-Covid-19/Policy-Responses-to-COVID-19 Entry by Air to Colombia is permitted. While a negative Covid-19 test is not currently required for entry, additional paperwork must be submitted before arrival. Land and Sea borders are due to open in early December. Masks are compulsory in public. 2.7% 4.5% 0% 20% Colombia Regional Ave. % of GDP Colombia Q4 2019* Q4 2020* % Change YOY Total Workforce 26.6M 23.1M -13.3% Unemployment Rate (%) 10.2% 15.8% +55% Unemployed Workers 2.7M 3.6M +34% Manpower 2020 Total Workforce Index Workforce Statistics Covid-19 Situation Covid-19 Government Spend as % of GDP Border Closures and Restrictions Additional Government Spending and Foregone Revenue to September 2020 Covid-19 Confirmed Cases and Deaths Reported to WHO (on a weekly basis) *Reported figures at Q4 each year https://covid19.who.int/ https://www.imf.org/en/Topics/imf-and-covid19/Fiscal-Policies-Database-in- Response-to-COVID-19 Other Sources: https://data.worldbank.org/ https://ilostat.ilo.org/ https://home.kpmg/xx/en/home/insights/ https://www.gov.uk/foreign-travel-advice United States Embassy https://tradingeconomics.com/