Situation

 

Recently, Colombia has seen an increase in Venezuelan PoCs, from 300,000 in 2017 to over 1 million as of late. Over 442,000 Venezuelan PoCs received a special two year permit allotting them access to basic services including access to the labor market. Additionally, as of November 2018, Colombia currently has 7.8 million IDP’s. Regarding Venezuelan PoCs, around 50% of children are not attending school and many employers do not understand the legal framework regarding the special two year permit, which is preventing PoCs from accessing formal employment opportunities as well as other basic services. Furthermore, 50% of IDP’s currently live in informal settings in marginal neighborhoods with limited/no access to basic public services.


In recent years, Colombia’s central bank has lowered its inflation rate to its target of 3%. Additionally, according to OECD reports, oil revenue is intended to increase, leading to the further recovery of Colombia’s economy. Due to the decrease in hostilities, one of the sectors with the most room for growth is the tourism industry. Colombia has a 26.9% poverty rate with 7% of the country being classified as extremely poor (OECD 1).  Multidimensional poverty has dropped from 49% to 25%, however, Columbia’s Gini coefficient is at .56, more than double the OECD average. 73.4% of Colombians are active in the labor market with an employment rate of 66.5%. Currently, 50% of Colombians work in informal employment, with unemployment decreasing from 15.6% to 9.6% in recent years. Regardless, 52% of Colombian’s are currently self-employed, with 83% of self-employed individuals working in unregistered businesses in which 93% of these individuals are not being covered by social security (OECD 2).

Country Response