Colombian President Alvaro Uribe requested on Thursday the congress and central bank to take measures to boost the national economy and avoid a recession caused by the world financial crisis.
"We are taking the risk of turning the world economic deceleration into a recession; and it would affect the employment," Uribe said.
Uribe made the request after announcing the lifting of restrictions to foreign capitals interested in investing in Colombia, aiming at keeping people's confidence and attracting external capitals.
Uribe said that it is necessary to reassure Colombians that the country's economic sectors will make efforts to protect their economic life from direct impact of the current world financial turmoil.
Efforts by the government will enable the Colombian people to see "initiatives" and "logic measures," and this would enhance people's trust in the government, Uribe said.
Colombian Value Bourse was one of the less affected in Latin America, with a loss of 3.22 percent and a 3.5 percent price drop of the State-owned Ecopetrol shares.
Source: Xinhua
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